[59] Although European demand for Chinese commodities like tea, silk, and porcelain was superior, Chinese curiosity in European produced merchandise was insignificant, to make sure that Chinese products could only be acquired with valuable metals. To lessen the trade imbalance, the British sold big quantities of Indian opium to China. confronted with a drug crisis, Qing officials pursued at any time far more aggressive steps to halt the opium trade.[sixty] British colony
The Joint Declaration guarantees The essential regulation for 50 a long time following the transfer of sovereignty.[79] it doesn't specify how Hong Kong are going to be governed immediately after 2047, and also the central governing administration's job in analyzing the territory's long term process of presidency is the topic of political discussion and speculation. Hong Kong's political and judicial programs may very well be integrated with China's At the moment, or even the territory may carry on to be administered separately.[150][151] However, all through a period of big-scale protests in 2020, the Standing Committee from the nationwide men and women's Congress handed the controversial Hong Kong national stability law.
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initially a sparsely populated place of farming and fishing villages,[seventeen] the territory is becoming among the environment's most important economic centres and commercial ports.[23] it truly is the entire world's tenth-greatest exporter and ninth-biggest importer.[24][25] Hong Kong has a major capitalist services economic system characterised by minimal taxation and cost-free trade, and its forex, the Hong Kong greenback, is the eighth most traded forex on the earth.
Hong Kong has a humid subtropical local weather (Köppen Cwa), characteristic of southern China, Inspite of staying Found south on the Tropic of most cancers. summer months is hot and humid, with occasional showers and thunderstorms and heat air in the southwest. Typhoons manifest most often then, in some cases leading to floods or landslides. Winters are moderate and usually sunny originally, starting to be cloudy to February; an occasional cold entrance delivers potent, cooling winds with the north. Autumn is definitely the sunniest season, even though spring is generally cloudy.
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The government maintains a policy of "mother tongue instruction"; most educational institutions use Cantonese as being the medium of instruction, with written education and learning in each Chinese and English. Other languages being used as medium of instruction in non-international school training contain English and Putonghua (conventional Mandarin Chinese).
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as being the mainland liberalised its economic system, Hong Kong's transport sector confronted intense Levels of competition from other Chinese ports. fifty percent of China's trade goods have been routed by way of Hong Kong in 1997, dropping to about thirteen% by 2015.[228] The territory's small taxation, typical legislation technique, and civil service entice overseas corporations wishing to ascertain a existence in Asia.[228] town has the 2nd-optimum amount of company headquarters while in the Asia-Pacific location.[229] Hong Kong is a gateway for international direct investment decision in China, giving buyers open usage of mainland Chinese markets through immediate one-way links Together with the Shanghai and Shenzhen stock exchanges.
Hong Kong is often a remarkably produced territory and ranks fourth on the UN Human advancement Index.[31] town has the biggest variety of skyscrapers of any metropolis in the world,[32] and its residents have several of the optimum everyday living expectancies on the globe.
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Hong Kong is a Unique administrative location of China, with government, legislative, and judicial powers devolved within the nationwide federal government.[94] The Sino-British Joint Declaration provided for financial and administrative continuity with the transfer of sovereignty,[seventy nine] resulting in an government-led governing program mostly inherited from your territory's record being a British colony.