The Online Citizen, 27 Aug 2008, Tan Kin LianThe concept of “One Country, Two Systems” was created by Deng Xiaoping to accommodate the absorption of capitalist Hong Kong into communist China on the return of the territory to China in 1997.
This concept worked quite well, judging by the social and economic progress of Hong Kong over the past decade. The social and economic life of the territory progressed and offered a high quality of life to its people.
China has also boomed during the past decide. The concept of a capitalist and free market economy was applied in many urban areas. China fitted well into the global economy and benefited from the inflow of foreign capital and investments.
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