To reduce the trade imbalance, the British marketed significant amounts of Indian opium to China. confronted with a drug disaster, Qing officials pursued at any time far more aggressive steps to halt the opium trade.[fifty seven]
Administrative infrastructure was promptly designed by early 1842, but piracy, disease, and hostile Qing insurance policies at first prevented The federal government from attracting commerce. problems around the island improved in the course of the Taiping Rebellion during the 1850s, when lots of Chinese refugees, together with rich retailers, fled mainland turbulence and settled within the colony.[sixteen] additional tensions in between the British and Qing around the opium trade escalated into the next Opium War.
Immediately after the transfer, Hong Kong was severely afflicted by several crises. The federal government was forced to use substantial international-exchange reserves to keep up the Hong Kong dollar's currency peg throughout the 1997 Asian financial crisis,[sixty nine] and also the recovery from this was muted by an H5N1 avian-flu outbreak[seventy eight] and also a housing surplus.
Hong Kong is a Distinctive administrative region of China due to the fact 1997, with govt, legislative, and judicial powers devolved from the nationwide government.[ninety] The Sino-British Joint Declaration supplied for financial and administrative continuity through the transfer of sovereignty,[75] resulting in an government-led governing procedure largely inherited through the territory's history to be a British colony.
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With handful of all-natural lakes and rivers, large population density, inaccessible groundwater resources, and very seasonal rainfall, the territory does not have a trustworthy supply of refreshing water.
Political debates after the transfer of sovereignty have centred round the region's democratic progress along with the central government's adherence on the "1 country, two programs" principle. immediately after reversal of the last colonial era Legislative Council democratic reforms adhering to the handover,[81] the regional governing administration unsuccessfully tried to enact countrywide stability laws pursuant to post 23 of The fundamental regulation.[82] The central govt decision to employ nominee pre-screening prior to allowing for Main govt elections triggered a number of protests in 2014 which turned referred to as the Umbrella Revolution.
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The Hong Kong Jockey Club, the territory's biggest taxpayer,[288] includes a monopoly on gambling and delivers about 7 for each cent of presidency earnings.[289] a few forms of gambling are authorized in Hong Kong: lotteries and betting on horse racing and football.[288] Education
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it's small arable land and handful of normal methods, importing most of its foods and Uncooked resources. More than 90 per cent of Hong Kong's food items is imported, which include almost all its meat and rice.
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The territory is split into 18 districts, Every single represented by a district council. These suggest the government on local difficulties including community facility provisioning, Group programme upkeep, cultural promotion, and environmental plan.
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