Translation - English While permanent normal trade relations with China was eventually granted by the U.S., wiping out China’s main obstacle to WTO, the days before China’s entrance into WTO can be numbered.
Its impacts to Hong Kong, on the whole, are more advantageous than disadvantageous. But the challenges are also unprecedented. Hong Kong government has to play an active role and make the most out of this opportunity to drive Hong Kong's economy to a higher level. At the same time, the government should also pay attention to the shock brought to the "high-risk group".
China’s entrance into WTO would enormously expand the country's trade relations
with other countries. This would benefit Hong Kong if she plays her intermediate role well in the trades. In addition, the further opening up of Chinese market is favourable to Hong Kong's merchants who are seeking expansion of their commercial and trade activities. However, the challenges emerging from China’s entrance into WTO are very tremendous as well. During the past decades, Hong Kong, taking advantage of China’s unusual relationship with Western countries, has bridged the Mainland and the Western countries in terms of economy and trade, and has worked as the shipping and information centre. But this traditional role would be gradually weakened with the all-round openness of Chinese market, and her position as the financial centre would also be considerably shaken. Solutions to all these problems await the government’s study, but for now priority should be given to two social and economic problems that might emerge straight away.
Firstly, China's entering WTO has eliminated the gloomy prospect that U.S. might constrain China's export by withholding the treatment of most favoured nation. As a result, Hong Kong enterprises would be able to put their scruple behind and move their business northward, which definitely worsens Hong Kong’s current unemployment problem--approximately 1 million mid-age, low-educated people would be the first affected. If no precautionary measures were made, the social stability would be affected.
Master's degree - University of Sydney
Years of translation experience: 9. Registered at ProZ.com: Jun 2010.
Adobe Acrobat, Adobe Photoshop, Dreamweaver, Frontpage, Indesign, Microsoft Excel, Microsoft Word, Powerpoint, Wordfast
I am a freelancing translator with NAATI accredited for Chinese and English language (both directions).
With over one-year experience in a Sydney-based migration agency, I have translated all sorts of award certificates, medical certificates and business contracts/agreements etc. for the clients. I also received translation jobs from outside my agency, which include media articles, fanancial reports, trade related documents, etc.