To lessen the trade imbalance, the British sold significant quantities of Indian opium to China. Faced with a drug disaster, Qing officers pursued ever more aggressive actions to halt the opium trade.[57]
because the mainland liberalised its financial system, Hong Kong's transport field faced extreme Competitors from other Chinese ports. Fifty per cent of China's trade items had been routed as a result of Hong Kong in 1997, dropping to about thirteen for each cent by 2015.[216] The territory's minimal taxation, typical regulation program, and civil company attract abroad organizations wishing to establish a presence in Asia.
promptly following the transfer, Hong Kong was severely influenced by various crises. The government was pressured to implement substantial international-Trade reserves to take care of the Hong Kong greenback's forex peg during the 1997 Asian economical crisis,[sixty nine] as well as the recovery from this was muted by an H5N1 avian-flu outbreak[seventy eight] and a housing surplus.
initially a sparsely populated spot of farming and fishing villages,[16] the territory is now one of the globe's most vital fiscal centres and commercial ports.[21] it can be the globe's tenth-biggest exporter and ninth-premier importer.[22][23] Hong Kong has A serious capitalist company overall economy characterised by minimal taxation and totally free trade, and its forex, the Hong Kong greenback, could be the eighth most traded currency on earth.
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With couple all-natural lakes and rivers, high inhabitants density, inaccessible groundwater sources, and intensely seasonal rainfall, the territory doesn't have a reliable source of refreshing drinking water.
All travellers concerning Hong Kong and China and Macau have to go through border controls, despite nationality.[116] Mainland Chinese citizens would not have appropriate of abode in Hong Kong and therefore are topic to immigration controls.[117] general public finances are handled individually through the national govt; taxes levied in Hong Kong usually do not fund the central authority.[118][119]
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Western classical new music has Traditionally experienced a solid presence in Hong Kong, and continues to be a sizable Component of neighborhood musical education and learning.[280] The publicly funded Hong Kong Philharmonic Orchestra, the territory's oldest prediksi atm vs leganes Specialist symphony orchestra, frequently host musicians and conductors from abroad.
Food in Hong Kong is generally depending on Cantonese Delicacies, despite the territory's exposure to overseas influences and its residents' varied origins. Rice is definitely the staple foodstuff, and is normally served plain with other dishes.[268] Freshness of substances is emphasised. Poultry and seafood are generally marketed Reside at soaked marketplaces, and elements are utilized as rapidly as possible.
The name in the territory, very first romanised as "He-Ong-Kong" in 1780,[35] originally referred to a little inlet located among Aberdeen Island and also the southern coast of Hong Kong Island. Aberdeen was an First level of Get hold of between British sailors and native fishermen.[36] Although the source of the romanised title is mysterious, it is normally considered being an early phonetic rendering on the Cantonese pronunciation hēung góng. The identify interprets as "fragrant harbour" or "incense harbour".