Difference between revisions of "Hong Kong"

Hong Kong developed initially on the basis of its excellent natural harbour (its Chinese name means “fragrant harbour”) and the lucrative China trade, particularly opium dealing. It was the expansion of its territory, however, that provided labour and other resources necessary for sustained commercial growth that led to its becoming one of the world’s major trade and financial centres. The community remains limited in space and natural resources, and it faces persistent problems of overcrowding, trade fluctuations, and social and political unrest. Nevertheless, Hong Kong has emerged strong and prosperous, albeit with a changed role, as an entrepôt, a manufacturing and financial centre, and a vital agent in the trade and modernization of China.

Hong Kong developed initially on the basis of its excellent natural harbour (its Chinese name means “fragrant harbour”) and the lucrative China trade, particularly opium dealing. It was the expansion of its territory, however, that provided labour and other resources necessary for sustained commercial growth that led to its becoming one of the world’s major trade and financial centres. The community remains limited in space and natural resources, and it faces persistent problems of overcrowding, trade fluctuations, and social and political unrest. Nevertheless, Hong Kong has emerged strong and prosperous, albeit with a changed role, as an entrepôt, a manufacturing and financial centre, and a vital agent in the trade and modernization of China.

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