Even though the territory experienced one among Asia's largest production economies in the course of the latter 50 percent on the colonial era, Hong Kong's economic climate is now dominated by the support sector. The sector generates ninety two.seven for every cent of economic output, with the general public sector accounting for around 10 for each cent.
Hong Kong continues to be a Unique administrative region of China since 1997, with executive, legislative, and judicial powers devolved from your nationwide federal government.[90] The Sino-British Joint Declaration provided for economic and administrative continuity through the transfer of sovereignty,[seventy five] leading to an govt-led governing method largely inherited in the territory's heritage like a British colony.
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Hong Kong is actually a remarkably formulated territory and ranks fourth on the UN Human progress Index.[29] town also has the biggest variety of skyscrapers of any metropolis on the planet,[30] and its citizens have a lot of the highest everyday living expectancies on the planet.
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Hong Kong represents itself separately from mainland China, with its very own sports activities groups in Worldwide competitions.[282] The territory has participated in nearly every summer season Olympics given that 1952, and it has acquired 3 medals.
The territory is divided into eighteen districts, Just about every represented by a district council. These suggest the government on regional problems such as general public facility provisioning, community programme maintenance, cultural marketing, and environmental policy.
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The government has had a passive part while in the economic system. Colonial governments had small industrial policy, and executed Pretty much no trade controls. beneath the doctrine of "optimistic non-interventionism", post-war administrations intentionally prevented the direct allocation of methods; Lively intervention was regarded harmful to financial expansion.
The Hong Kong Jockey Club, the territory's premier taxpayer,[288] incorporates a monopoly on gambling and supplies in excess of 7 for every cent of government income.[289] 3 types of gambling are authorized in Hong Kong: lotteries and betting on horse racing and football.[288] training
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To lessen the trade imbalance, the British bought substantial quantities of Indian opium to China. confronted with a drug disaster, Qing officers pursued ever additional intense steps to halt the opium trade.[57]