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Administrative infrastructure was rapidly built by early 1842, but piracy, ailment, and hostile Qing procedures to begin with prevented the government from attracting commerce. disorders around the island improved through the Taiping Rebellion from the 1850s, when quite a few Chinese refugees, which include wealthy retailers, fled mainland turbulence and settled inside the colony.[16] additional tensions among the British and Qing around the opium trade escalated into the next Opium War.
straight away following the transfer, Hong Kong was seriously affected by many crises. The government was compelled to work with sizeable foreign-exchange reserves to maintain the Hong Kong dollar's forex peg in the 1997 Asian money crisis,[69] plus the Restoration from this was muted by an H5N1 avian-flu outbreak[78] as well as a housing surplus.
at first a sparsely populated spot of farming and fishing villages,[16] the territory is becoming on the list of world's most important financial centres and commercial ports.[21] it is actually the globe's tenth-most significant exporter and ninth-biggest importer.[22][23] Hong Kong has a major capitalist service economic climate characterised by reduced taxation and no cost trade, and its forex, the Hong Kong dollar, may be the eighth most traded currency on earth.
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With handful of organic lakes and rivers, large population density, inaccessible groundwater resources, and intensely seasonal rainfall, the territory does not have a dependable supply of contemporary h2o.
Political debates following the transfer of sovereignty have centred throughout the location's democratic enhancement as well as the central govt's adherence into the "one particular region, two programs" theory. following reversal of the last colonial period Legislative Council democratic reforms subsequent the handover,[eighty one] the regional govt unsuccessfully tried to enact nationwide stability legislation pursuant to short article 23 of the Basic Law.[82] The central authorities determination to implement nominee pre-screening prior to enabling Main govt elections induced a number of protests in 2014 which grew to become referred to as the Umbrella Revolution.
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financial and infrastructure integration with China has improved significantly For the reason that 1978 get started of industry liberalisation on the mainland. given that resumption of cross-boundary coach provider in 1979, lots of rail and highway backlinks are actually improved and made (facilitating trade concerning locations).[210][211] The nearer Partnership financial Arrangement formalised a plan of totally free trade among The 2 areas, with Each individual jurisdiction pledging to get rid of remaining obstacles to trade and cross-boundary investment decision.
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It has small arable land and number of all-natural resources, importing nearly all of its food and Uncooked products. much more than ninety for every cent of Hong Kong's food items is imported, which includes almost all its meat and rice.
Hong Kong has a humid subtropical climate (Köppen Cwa), characteristic of southern China. summertime is very hot and humid, with occasional showers and thunderstorms and heat air from the southwest. Typhoons take place most frequently then, in some cases leading to floods or landslides. Winters are delicate and frequently sunny firstly, getting cloudy to February; an occasional chilly entrance provides powerful, cooling winds in the north. The most temperate seasons are spring (that may be changeable) and autumn, which is mostly sunny and dry.
The territory is split into 18 districts, Every represented by a district council. These advise The federal government on area concerns for example general public facility provisioning, Neighborhood programme routine maintenance, cultural advertising, and environmental plan.
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