The territory is divided into eighteen districts, Just about every represented by a district council. These advise The federal government on neighborhood concerns which include public facility provisioning, Group programme upkeep, cultural advertising, and environmental coverage.
as being the mainland liberalised its financial state, Hong Kong's delivery sector faced intensive Competitiveness from other Chinese ports. Fifty for each cent of China's trade merchandise were routed by means of Hong Kong in 1997, dropping to about thirteen per cent by 2015.[216] The territory's negligible taxation, popular law technique, and civil company bring in overseas businesses wishing to establish a presence in Asia.
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quickly after the transfer, Hong Kong was severely impacted by a number of crises. The federal government was pressured to implement significant foreign-exchange reserves to take care of the Hong Kong greenback's currency peg throughout the 1997 Asian economical crisis,[69] and the recovery from this was muted by an H5N1 avian-flu outbreak[seventy eight] along with a housing surplus.
Administrative infrastructure was quickly built by early 1842, but piracy, disorder, and hostile Qing policies initially prevented The federal government from attracting commerce. problems within the island enhanced throughout the Taiping Rebellion from the 1850s, when quite a few Chinese refugees, including wealthy retailers, fled mainland turbulence and settled from the colony.[16] even further tensions between the British and Qing more than the opium trade escalated into the 2nd Opium War.
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To decrease the trade imbalance, the British offered huge quantities of Indian opium to China. confronted with a drug disaster, Qing officials pursued ever much more aggressive actions to halt the opium trade.[fifty seven]
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Hong Kong features a very created, complex transport community. around ninety per cent of daily excursions are made on public transport, the very best share on earth.
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