To lessen the trade imbalance, the British offered massive quantities of Indian opium to China. Faced with a drug crisis, Qing officers pursued ever additional aggressive steps to halt the opium trade.[57]
Administrative infrastructure was rapidly developed by early 1842, but piracy, disorder, and hostile Qing guidelines originally prevented the government from attracting commerce. circumstances to the island improved through the Taiping Rebellion inside the 1850s, when lots of Chinese refugees, including wealthy retailers, fled mainland turbulence and settled while in the colony.[16] more tensions between the British and Qing in excess of the opium trade escalated into the Second Opium War.
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[33][34][37] "Fragrant" may confer with the sweet flavor of your harbour's freshwater inflow in the Pearl River or towards the odour from incense factories lining the Coastline of northern Kowloon. The incense was stored near Aberdeen Harbour for export ahead of Victoria Harbour created.[37] Sir John Davis (the second colonial governor) available an alternate origin; Davis claimed that the identify derived from "Hoong-keang" ("purple torrent"), reflecting the colour of soil over which a waterfall on the island flowed.[38]
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Hong Kong is ruled by a hybrid routine that isn't thoroughly representative in the populace. Legislative Council customers elected by functional constituencies composed of Experienced and special curiosity teams are accountable to those slender corporate electorates instead of the general public. This electoral arrangement has assured a pro-establishment bulk inside the legislature since the transfer of sovereignty. in the same way, the Main Executive is chosen by establishment politicians and company associates in the Election Committee rather than directly elected.
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The federal government has had a passive part within the economic climate. Colonial governments had tiny industrial coverage, and carried out Pretty much no trade controls. Under the doctrine of "good non-interventionism", write-up-war administrations deliberately prevented the immediate allocation of resources; active intervention was regarded harmful to economic expansion.
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[216] the town has the next-greatest number of company headquarters while in the Asia-Pacific area.[217] Hong Kong is often a gateway for international direct financial commitment in China, providing traders open access to mainland Chinese marketplaces by immediate one-way links Using the Shanghai and Shenzhen inventory exchanges. The territory was the initial marketplace outside mainland China for renminbi-denominated bonds, and is among the most significant hubs for offshore renminbi trading.[218]
Hong Kong is a very formulated territory and ranks fourth about the UN Human progress Index.[29] the town also has the most important amount of skyscrapers of any town on the earth,[30] and its people have many of the highest lifestyle expectancies on the globe.
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The identify from the territory, to start with romanised as "He-Ong-Kong" in 1780,[35] originally referred to a little inlet Found amongst Aberdeen Island as well as the southern Coastline of Hong Kong Island. Aberdeen was an Original level of Get hold of involving British sailors and local fishermen.[36] Although the source of the romanised name is unfamiliar, it is mostly believed to get an early phonetic rendering on the Cantonese pronunciation hēung góng. The identify translates as "fragrant harbour" or "incense harbour".