Hong Kong and Macau

Prior to 1997 the economic decisions of Hong Kong were made by Business Elites. Under China rule the "one country, two systems" refers to the unchanged democratization of Hong Kong and Macau. The CCP has promised not to change anything in Hong Kong for 50 years. Hong Kong is often described as a laisser-faire economy which means the state neither owns nor controls the means of production. The driving force behind Macau's economy is gambling while Hong Kong's main industry is producer services.