To lessen the trade imbalance, the British marketed big amounts of Indian opium to China. Faced with a drug disaster, Qing officers pursued at any time far more aggressive steps to halt the opium trade.[fifty seven]
As the mainland liberalised its overall economy, Hong Kong's shipping and delivery field confronted intense competition from other Chinese ports. Fifty per cent of China's trade products have been routed by way of Hong Kong in 1997, dropping to about 13 for each cent by 2015.[216] The territory's small taxation, widespread law program, and civil company entice overseas corporations wishing to ascertain a existence in Asia.
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With couple natural lakes and rivers, higher inhabitants density, inaccessible groundwater sources, and extremely seasonal rainfall, the territory doesn't have a responsible supply of new water.
All travellers involving Hong Kong and China and Macau will have to pass through border controls, despite nationality.[116] Mainland Chinese citizens do not need right of abode in Hong Kong and therefore are topic to immigration controls.[117] community funds are handled independently with the nationwide government; taxes levied in Hong Kong tend not to fund the central authority.[118][119]
The Joint Declaration guarantees The fundamental legislation for 50 yrs once the transfer of sovereignty.[seventy five] it doesn't specify how Hong Kong might be ruled immediately after 2047, as well as the central authorities's position in pinpointing the territory's foreseeable future technique of government is the topic of political debate and speculation.
The Hong Kong Jockey Club, the territory's largest taxpayer,[288] has a monopoly on gambling and offers above seven per cent of government profits.[289] 3 kinds of gambling are authorized in Hong Kong: lotteries and betting on horse racing and football.[288] schooling
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Hong Kong is usually a extremely made territory and ranks fourth about the UN Human progress Index.[29] The city also has the biggest amount of skyscrapers of any city on the earth,[thirty] and its residents have several of the maximum lifestyle expectancies on the globe.
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The title from the territory, initial romanised as "He-Ong-Kong" in 1780,[35] at first referred to a little inlet Found involving Aberdeen Island along with the southern Coastline of Hong Kong Island. Aberdeen was an Preliminary level of Call amongst British sailors and local fishermen.[36] Even though the source of the romanised name is unknown, it is generally considered for being an early phonetic rendering in the Cantonese pronunciation hēung góng. The identify interprets as "fragrant harbour" or "incense harbour".