Is Taiwan rich or poor

Answer 1

Unlike the People's Republic of China, Hong Kong operates under a capitalist economy, one in which the government rarely, if ever, interferes with private trade. Hong Kong was ranked first in the world in the Index of Economic Freedom for 15 consecutive years since the index began in 1995. Currently still holding the title, it is the only one on the rankings to have ever achieved first place.

Hong Kong is a major trading hub that specializes in importing raw materials and exporting finished products, and is often nicknamed as the "Jewel of China". It is also known as one of the "Four Asian Tigers", a group of significant Asian areas that have rapidly grown in their economy and continues to do so.

Hong Kong also maintains a tax policy that does not include any sales tax, allowing consumers to purchase imported items at a relatively low price when compared to other areas.

Hong Kong is also known for having one of the few major World Trade Centers.

Answer 2

It is not cities that are rich or poor, it’s people.

Answer 3

hong kong belongs to china it sence china is a communist country it may be poor but sence theres a hong kong dollar it may be the richest part of china

Answer 4

Well, I live in Shanghai and I learn in an American- International school. In Shanghai, there is nothing that you can't find. So- it is a rich city.

Answer 5

Taiwan is a fairly rich country. However, compare to americans, they have low income, but only because of the price in storethat they are always a lot cheaper than america!

Answer 6

Yes and no. There are many rich people, but many poor people as well.