Even though the territory had one of Asia's biggest manufacturing economies during the latter fifty percent on the colonial period, Hong Kong's economic system is currently dominated because of the services sector. The sector generates ninety two.7 for each cent of economic output, with the general public sector accounting for approximately 10 for every cent.
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financial and infrastructure integration with China has improved considerably since the 1978 begin of marketplace liberalisation on the mainland. given that resumption of cross-boundary teach company in 1979, numerous rail and highway backlinks are actually enhanced and made (facilitating trade amongst locations).[219][220] The Closer Partnership Economic Arrangement formalised a policy of cost-free trade involving The 2 locations, with Every single jurisdiction pledging to remove remaining obstacles to trade and cross-boundary investment decision.
The territory's jurisdictional independence is most obvious in its immigration and taxation policies. The Immigration Department problems passports for long-lasting people which differ from those of the mainland or Macau,[116] and the region maintains a controlled border with the rest of the region.
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Tong lau, mixed-use tenement buildings built in the course of the colonial period, blended southern Chinese architectural kinds with European influences. These were being Specially prolific throughout the rapid article-war period, when lots of ended up swiftly designed to deal with massive figures of Chinese migrants.