To reduce the trade imbalance, the British marketed massive amounts of Indian opium to China. confronted with a drug crisis, Qing officials pursued ever far more aggressive steps to halt the opium trade.[fifty seven]
following the Qing conquest, maritime trade was banned beneath the Haijin guidelines. The Kangxi Emperor lifted the prohibition, allowing foreigners to enter Chinese ports in 1684.[55] Qing authorities recognized the Canton System in 1757 to control trade more strictly, limiting non-Russian ships for the port of Canton.[56] Despite the fact that European demand for Chinese commodities like tea, silk, and porcelain was higher, Chinese fascination in European made merchandise was insignificant, to make sure that Chinese products could only be bought with treasured metals.
right away following the transfer, Hong Kong was severely influenced by numerous crises. The government was forced to employ substantial overseas-Trade reserves to take care of the Hong Kong dollar's forex peg over the 1997 Asian monetary crisis,[69] and the Restoration from this was muted by an H5N1 avian-flu outbreak[78] along with a housing surplus.
[33][34][37] "Fragrant" could refer to the sweet flavor with the harbour's freshwater inflow through the Pearl River or to your odour from incense factories lining the Coastline of northern Kowloon. The incense was stored in the vicinity of Aberdeen Harbour for export prior to Victoria Harbour designed.[37] Sir John Davis (the next colonial governor) presented another origin; Davis explained that the name derived from "Hoong-keang" ("red torrent"), reflecting the colour of soil around which a waterfall on the island flowed.[38]
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Political debates after the transfer of sovereignty have centred round the location's democratic enhancement plus the central govt's adherence to the "just one place, two techniques" theory. following reversal of the final colonial era Legislative Council democratic reforms pursuing the handover,[81] the regional government unsuccessfully tried to enact national safety legislation pursuant to Article 23 of The essential legislation.[eighty two] The central federal government conclusion to put into practice nominee pre-screening ahead of letting Main government elections induced a series of protests in 2014 which turned known as the Umbrella Revolution.
The Joint Declaration assures The essential legislation for 50 decades once the transfer of sovereignty.[75] it doesn't specify how Hong Kong might be governed just after 2047, and also the central government's purpose in analyzing the territory's future program of presidency is the topic of political debate and speculation.
financial and infrastructure integration with China has amplified noticeably For the reason that 1978 begin of industry liberalisation around the mainland. considering that resumption of cross-boundary coach company in 1979, quite a few rail and street links have been improved and produced (facilitating trade concerning areas).[210][211] The nearer Partnership financial Arrangement formalised a policy of totally free trade in between the two spots, with Each and every jurisdiction pledging to remove remaining road blocks to trade and cross-boundary expense.
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Hong Kong is really a highly created territory and ranks fourth over the UN Human Development Index.[29] town also has the most important amount of skyscrapers of any city on the globe,[thirty] and its people have some of the highest everyday living expectancies on this planet.
The territory is split into 18 districts, Every represented by a district council. These suggest The federal government on neighborhood difficulties including public facility provisioning, community programme servicing, cultural advertising, and environmental plan.
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