To reduce the trade imbalance, the British offered huge amounts of Indian opium to China. Faced with a drug crisis, Qing officers pursued ever far more intense steps to halt the opium trade.[fifty seven]
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Originally a sparsely populated spot of farming and fishing villages,[sixteen] the territory is now one of several entire world's most important financial centres and commercial ports.[21] it truly is the planet's tenth-largest exporter and ninth-largest importer.[22][23] Hong Kong has a major capitalist company economic climate characterised by minimal taxation and free of charge trade, and its forex, the Hong Kong greenback, is the eighth most traded currency on the planet.
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The territory's jurisdictional independence is most clear in its immigration and taxation procedures. The Immigration Office problems passports for long-lasting residents which differ from These on the mainland or Macau,[a hundred and fifteen] plus the region maintains a regulated border with the rest of the nation.
All travellers between Hong Kong and China and Macau should go through border controls, irrespective of nationality.[116] Mainland Chinese citizens do not have proper of abode in Hong Kong and therefore are issue to immigration controls.[117] general public finances are taken care of independently through the national authorities; taxes levied in Hong Kong will not fund the central authority.[118][119]
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financial and infrastructure integration with China has increased appreciably Because the 1978 start off of market place liberalisation on the mainland. considering that resumption of cross-boundary practice assistance in 1979, lots of rail and road inbound links are actually enhanced and constructed (facilitating trade involving locations).[210][211] The nearer Partnership Economic Arrangement formalised a plan of free trade amongst The 2 places, with Just about every jurisdiction pledging to eliminate remaining obstacles to trade and cross-boundary financial commitment.
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It has minor arable land and couple organic assets, importing the majority of its food stuff and Uncooked materials. a lot more than 90 for every cent of Hong Kong's foodstuff is imported, including nearly all its meat and rice.
Hong Kong includes a humid subtropical climate (Köppen Cwa), characteristic of southern China. summer season is incredibly hot and humid, with occasional showers and thunderstorms and warm air in the southwest. Typhoons arise most often then, at times leading to floods or landslides. Winters are delicate and usually sunny at the start, becoming cloudy in the direction of February; an occasional cold front delivers robust, cooling winds from the north. quite possibly the most temperate seasons are spring (that may be changeable) and autumn, which is usually sunny and dry.
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