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Hong Kong designed originally on The premise of its great purely natural harbour (its Chinese identify means “fragrant harbour”) and also the beneficial China trade, particularly opium dealing. It absolutely was the growth of its territory, on the other hand, that presented labour along with other assets essential for sustained industrial progress that triggered its getting to be on the list of environment’s major trade and fiscal centres.

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Hong Kong ought to import all of the fossil gasoline it consumes. It generates a lot of its electric powered-electrical power wants at thermal building vegetation. The remainder of its power necessities are imported from Guangdong province.

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Immediately following the transfer, Hong Kong was severely affected by various crises. The federal government was pressured to use sizeable overseas-Trade reserves to keep up the Hong Kong dollar's forex peg throughout the 1997 Asian fiscal disaster,[sixty four] and the Restoration from this was muted by an H5N1 avian-flu outbreak[73] plus a housing surplus.

Jūng'wàh Yàhnmàhn Guhng'wòhgwok Hēunggóng Dahkbiht Hàhngjingkēui (Cantonese Yale romanisation)

Hong Kong was produced A part of the identical place - China - soon after its handover, but under a "a person place two units" coverage that has ongoing up to now (and which is expected to continue for the next about 30 yrs, as it slowly merges into whichever method there will be in China.

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Through the 1980s, these motion pictures and exhibits had been exported outside of the territory and exposed Cantopop to a world viewers.[258] The genre ongoing to get pleasure from peak reputation during the 1990s because the Four Heavenly Kings dominated history charts all through Asia.[259] Regardless of a standard decline Because the late nineteen nineties,[260] Cantopop stays dominant in Hong Kong today. More recent present-day artists including Eason Chan, Joey Yung, and Twins continue for being well known within just and out of doors the territory.[261]

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Political debates after the transfer of sovereignty have centred throughout the region's democratic progress as well as the central government's adherence towards the "just one country, two programs" theory. Soon after reversal of the final colonial-period Legislative Council democratic reforms next the handover,[seventy six] the regional authorities unsuccessfully attempted to enact nationwide-stability laws pursuant to Article 23 of The fundamental Legislation.

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With its restricted purely natural resources, Hong Kong depends on imports for almost all of its needs, which include raw components, food items along with other purchaser products, money items, and fuel. Beneath its unique position as a world totally free port, entrepôt trade, mainly with China, flourished right up until 1951, each time a United Nations embargo on trade with China and North Korea drastically curtailed it. This situation, coupled with the necessity to export and with The provision of cheap labour, led towards the establishment of competitive light-weight industries and a change on the financial system during the early 1960s.

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In the meantime, the centre has constrained impact due to the British isles-China negotiation, and a few locals hope to further the limitation on these kinds of interfere Along with the western aids.

The identify with the territory, very first spelled "He-Ong-Kong" in 1780,[31] initially referred to a small inlet concerning Aberdeen Island and the southern coast of Hong Kong Island. Aberdeen was an Original place of Get in touch with in between British sailors and local fishermen.[32] Even though the supply of the romanised name is mysterious, it is generally thought to get an early phonetic rendering of the find out here now Cantonese pronunciation hēung góng. The identify interprets as "fragrant harbour" or "incense harbour".

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The defeated Qing had been again forced to give up land, ceding Kowloon Peninsula and Stonecutter's Island during the Convention of Peking.[seventeen] By the tip of this war, Hong Kong had progressed from a transient colonial outpost into A serious entrepôt. Speedy economic enhancement through the 1850s attracted overseas investment, as potential stakeholders turned more self-confident in Hong Kong's long term.[fifty six]

There have been unrest which include a huge political motion called the Umbrella Revolution, during which thousand of university learners participated. The Chinese governing administration, as usual, applied each indicates to suppress the motion and also many of the news connected with it.

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