To lessen the trade imbalance, the British marketed massive amounts of Indian opium to China. confronted with a drug crisis, Qing officials pursued at any time a lot more intense actions to halt the opium trade.[57]
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promptly once the transfer, Hong Kong was seriously afflicted by many crises. The federal government was pressured to implement significant international-Trade reserves to take care of the Hong Kong dollar's forex peg during the 1997 Asian money disaster,[sixty nine] along with the Restoration from this was muted by an H5N1 avian-flu outbreak[seventy eight] along with a housing surplus.
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Hong Kong is ruled by a hybrid regime that isn't totally consultant from the population. Legislative Council customers elected by functional constituencies made up of Specialist and special curiosity groups are accountable to These slender company electorates instead of most people. This electoral arrangement has guaranteed a professional-establishment vast majority from the legislature Because the transfer of sovereignty. in the same way, the Main govt is selected by establishment politicians and company associates in the Election Committee instead of specifically elected.
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Although the territory had amongst Asia's greatest manufacturing economies throughout the latter fifty percent in the colonial era, Hong Kong's economic climate is now dominated by the assistance sector. The sector generates 92.7 for each cent of economic output, with the general public sector accounting for around ten per cent.
The Hong Kong Jockey Club, the territory's largest taxpayer,[288] contains a monopoly on gambling and provides about seven for every cent of presidency revenue.[289] a few forms of gambling are lawful in Hong Kong: lotteries and betting on horse racing and soccer.[288] schooling
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Hong Kong has a really formulated, advanced transportation network. around 90 for each cent of every day trips are made on public transport, the highest proportion on the earth.
Hong Kong can be a highly made territory and ranks fourth to the UN Human progress Index.[29] the town also has the biggest number of skyscrapers of any city on the planet,[thirty] and its inhabitants have a lot of the maximum lifetime expectancies on the globe.
foodstuff in Hong Kong is primarily depending on Cantonese Delicacies, despite the territory's publicity to foreign influences and its people' various origins. Rice would be the staple foodstuff, and is frequently served simple with other dishes.[268] Freshness of ingredients is emphasised. Poultry and seafood are generally bought Stay at wet marketplaces, and components are utilized as immediately as possible.
The title in the territory, first romanised as "He-Ong-Kong" in 1780,[35] initially referred to a little inlet Positioned among Aberdeen Island as well as southern coast of Hong Kong Island. Aberdeen was an Original position of Make contact with in between British sailors and local fishermen.[36] Although the source of the romanised title is unfamiliar, it is usually considered to get an early phonetic rendering in the Cantonese pronunciation hēung góng. The identify translates as "fragrant harbour" or "incense harbour".