To lessen the trade imbalance, the British bought substantial amounts of Indian opium to China. confronted with a drug crisis, Qing officials pursued ever far more intense actions to halt the opium trade.[57]
because the mainland liberalised its financial system, Hong Kong's transport business confronted powerful Competitiveness from other Chinese ports. Fifty per cent of China's trade items were routed via Hong Kong in 1997, dropping to about 13 per cent by 2015.[216] The territory's minimal taxation, popular law technique, and civil company bring in abroad organizations wishing to determine a existence in Asia.
Hong Kong is characterised as a hybrid of East and West. classic Chinese values emphasising family members and education and learning blend with Western beliefs, together with economic liberty plus the rule of legislation.[257] Even though the vast majority in the populace is ethnically Chinese, Hong Kong has designed a distinct identity. The territory diverged from the mainland as a result of its lengthy duration of colonial administration and a special rate of economic, social, and cultural progress. Mainstream lifestyle is derived from immigrants originating from various portions of China. This was motivated by British-design and style education, a independent political program, along with the territory's speedy improvement throughout the late 20th century.
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Hong Kong signifies alone individually from mainland China, with its possess sports activities teams in international competitions.[282] The territory has participated in almost every summer season Olympics considering that 1952, and has gained three medals.
With couple natural lakes and rivers, superior population density, inaccessible groundwater resources, and very seasonal rainfall, the territory does not have a dependable supply of fresh new h2o.
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Even though the territory had considered one of Asia's most significant production economies over the latter fifty percent with the colonial era, Hong Kong's overall economy is currently dominated with the services sector. The sector generates ninety two.7 for every cent of economic output, with the general public sector accounting for about 10 per cent.
financial and infrastructure integration with China has improved drastically Considering that the 1978 start of current market liberalisation about the mainland. because resumption of cross-boundary educate assistance in 1979, quite a few rail and road inbound links have already been enhanced and manufactured (facilitating trade in between regions).[210][211] The Closer Partnership financial Arrangement formalised a coverage of totally free trade in between The 2 areas, with Each and every jurisdiction pledging to remove remaining obstructions to trade and cross-boundary expenditure.
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Hong Kong can be a highly formulated territory and ranks fourth over the UN Human improvement Index.[29] The city also has the biggest amount of skyscrapers of any metropolis on earth,[thirty] and its citizens have a number of the best daily life expectancies on the earth.
The territory is divided into 18 districts, Just about every represented by a district council. These recommend the government on nearby concerns including public facility provisioning, Group programme maintenance, cultural promotion, and environmental plan.
The name of the territory, 1st romanised as "He-Ong-Kong" in 1780,[35] at first referred to a little inlet Found amongst Aberdeen Island and the southern Coastline of Hong Kong Island. Aberdeen was an Preliminary place of Get hold of in between British sailors and local fishermen.[36] Although the supply of the romanised title is unfamiliar, it is mostly believed for being an early phonetic rendering from the Cantonese pronunciation hēung góng. The name translates as "fragrant harbour" or "incense harbour".