[fifty nine] Whilst European demand for Chinese commodities like tea, silk, and porcelain was substantial, Chinese fascination in European created products was insignificant, so that Chinese items could only be purchased with important metals. To decrease the trade imbalance, the British offered large amounts of Indian opium to China. Faced with a drug disaster, Qing officers pursued ever a lot more aggressive steps to halt the opium trade.[60] British colony
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initially a sparsely populated place of farming and fishing villages,[seventeen] the territory is becoming one of many world's most significant fiscal centres and industrial ports.[23] it really is the world's tenth-major exporter and ninth-greatest importer.[24][twenty five] Hong Kong has a major capitalist provider economic system characterised by minimal taxation and absolutely free trade, and its currency, the Hong Kong dollar, could be the eighth most traded forex on this planet.
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The claim relies on an archaeological investigation in Wong Tei Tung, Sai Kung in 2003. The archaeological operates unveiled knapped stone tools from deposits that were dated applying optical luminescence relationship.[45]
Hong Kong is characterised as a hybrid of East and West. regular Chinese values emphasising household and training Mix with Western ideals, including financial liberty and the rule of legislation.[270] Although the vast majority on the populace is ethnically Chinese, Hong Kong has formulated a definite identity. The territory diverged in the mainland by means of its long period of colonial administration and a distinct speed of economic, social, and cultural advancement. Mainstream culture is derived from immigrants originating from many elements of China.
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Hong Kong is governed by a hybrid routine that's not absolutely agent of your populace. Legislative Council members elected by purposeful constituencies made up of Expert and special desire groups are accountable to Those people slim corporate electorates instead of most of the people. This electoral arrangement has certain a pro-institution vast majority while in the legislature For the reason that transfer of sovereignty. in the same way, the Main executive is selected by institution politicians and company customers of the Election Committee instead of instantly elected.
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