Due to increasingly close ties between the Chinese and Hong Kong, there is the possibility that China's currency, the Renminbi, may be linked to the US dollar as the Hong Kong dollar is today. For a stable currency, Hong Kong's currency link to the US dollar began in 1983. Since that date and the US dollar's rebound from the 1970s, the US dollar has assured the purchasing power of Hong Kong's currency and will likely do so in the future. The HK dollar provides a monetary umbrella under which markets may flourish, and disperse economic power, as well as reduce political power associated with state planning. The Hong Kong Monetary Authority not only assures monetary discipline over prices but also supervises various types of banks.
Free markets work best with free people.
The opening up of trade via permanent normal trade relations will require numerous adjustments and changes in China's governments. Although China is still meeting challenges, the success of China's policies in allowing businesses to function has already led to a powerful business class of enterprises. China's development has given rise to world-class companies, headquartered in Asia. The list of China's top ten companies today is not merely regional giants, but giants setting global standards and competing across the world. It is now the third largest cellular company in the world.