Although the territory experienced certainly one of Asia's biggest manufacturing economies during the latter fifty percent of the colonial period, Hong Kong's financial system has become dominated because of the service sector. The sector generates ninety two.seven per cent of financial output, with the public sector accounting for around 10 per cent.
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it's small arable land and number of normal sources, importing almost all of its foods and Uncooked components. much more than 90 per cent of Hong Kong's food is imported, which include almost all its meat and rice.
foodstuff in Hong Kong is primarily based on Cantonese cuisine, despite the territory's publicity to international influences and its people' different origins. Rice will be the staple foodstuff, and is normally served simple with other dishes.[268] Freshness of components is emphasised. Poultry and seafood are commonly marketed Are living at soaked markets, and elements are used as speedily as feasible.
The government maintains a policy of "mother tongue instruction"; most faculties use Cantonese as the medium of instruction, with prepared schooling in the two Chinese and English.
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Hong Kong provides a hugely made, subtle transport community. around ninety per cent of every day excursions are made on general public transport, the highest proportion on this planet.
Hong Kong is characterised like a hybrid of East and West. regular Chinese values emphasising relatives and training Mix with Western ideals, together with financial liberty and the rule of regulation.[257] Although the overwhelming majority with the population is ethnically Chinese, Hong Kong has created a definite identity. The territory diverged through the mainland due to its extended period of colonial administration and a different pace of economic, social, and cultural improvement. Mainstream tradition is derived from immigrants originating from various areas of China. This was motivated by British-design and style education and learning, a separate political procedure, and the territory's speedy enhancement through the late twentieth century.
Chinese countrywide law isn't going to generally implement during the area and Hong Kong is taken care of being a individual jurisdiction.[ninety eight] Its judicial process is based on typical regulation, continuing the authorized custom recognized through British rule.[109] regional courts may well seek advice from precedents set in English law and overseas jurisprudence.[a hundred and ten] nevertheless, interpretative and amending ability more than The essential regulation and jurisdiction in excess of acts of point out lie Using the central authority, making regional courts in the long run subordinate to the mainland's socialist civil law method.
The territory's jurisdictional independence is most apparent in its immigration and taxation policies. The Immigration Division challenges passports for long term inhabitants which differ from People in the mainland or Macau,[114] as well as region maintains a controlled border with the rest of the state.
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The Hong Kong Jockey Club, the territory's largest taxpayer,[288] features a monopoly on gambling and offers around seven per cent of presidency earnings.[289] Three varieties of gambling are legal in Hong Kong: lotteries and betting on horse racing and soccer.[288] instruction
[216] The city has the 2nd-highest number of corporate headquarters within the Asia-Pacific region.[217] Hong Kong can be a gateway for overseas immediate expenditure in China, supplying investors open access to mainland Chinese markets as a result of immediate one-way links with the Shanghai and Shenzhen stock exchanges. The territory was the very first current market outside mainland China for renminbi-denominated bonds, and is amongst the major hubs for offshore renminbi buying and selling.[218]
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