To lessen the trade imbalance, the British sold massive quantities of Indian opium to China. Faced with a drug disaster, Qing officers pursued ever far more aggressive steps to halt the opium trade.[fifty seven]
Administrative infrastructure was rapidly developed by early 1842, but piracy, disorder, and hostile Qing policies in the beginning prevented The federal government from attracting commerce. problems on the island enhanced throughout the Taiping Rebellion from the 1850s, when numerous Chinese refugees, including rich merchants, fled mainland turbulence and settled inside the colony.[sixteen] Further tensions in between the British and Qing more than the opium trade escalated into the 2nd Opium War.
promptly once the transfer, Hong Kong was severely afflicted by several crises. The federal government was pressured to work with substantial overseas-Trade reserves to keep up the Hong Kong dollar's currency peg in the 1997 Asian economic crisis,[sixty nine] as well as the recovery from this was muted by an H5N1 avian-flu outbreak[78] plus a housing surplus.
at first a sparsely populated region of farming and fishing villages,[16] the territory is now one of many earth's most significant economic centres and professional ports.[21] it's the planet's tenth-largest exporter and ninth-biggest importer.[22][23] Hong Kong has A significant capitalist services financial state characterised by lower taxation and free of charge trade, and its currency, the Hong Kong greenback, would be the eighth most traded forex in the world.
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Hong Kong is ruled by a hybrid routine that's not absolutely consultant of your population. Legislative Council associates elected by useful constituencies composed of Expert and Distinctive curiosity teams are accountable to All those narrow corporate electorates and never most of the people. This electoral arrangement has certain a professional-institution bulk in the legislature For the reason that transfer of sovereignty. equally, the Chief govt is selected by establishment politicians and corporate customers in the Election Committee instead of specifically elected.
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The Hong Kong Jockey Club, the territory's largest taxpayer,[288] features a monopoly on gambling and offers above seven for every cent of presidency income.[289] Three sorts of gambling are lawful in Hong Kong: lotteries and betting on horse racing and football.[288] education and learning
Tong lau, combined-use tenement structures constructed during the colonial era, blended southern Chinese architectural variations with European influences. These have been Primarily prolific in the instant submit-war time period, when numerous have been quickly constructed to accommodate large quantities of Chinese migrants.
Hong Kong incorporates a really formulated, advanced transport community. in excess of ninety for each cent of day by day excursions are created on general public transport, the best percentage in the world.
Hong Kong incorporates a humid subtropical local weather (Köppen Cwa), characteristic of southern China. Summer is hot and humid, with occasional showers and thunderstorms and warm air from your southwest. Typhoons manifest most frequently then, occasionally leading to floods or landslides. Winters are gentle and usually sunny firstly, getting cloudy in the direction of February; an occasional cold entrance delivers robust, cooling winds in the north. essentially the most temperate seasons are spring (that may be changeable) and autumn, which is usually sunny and dry.
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