Overview of Hong Kong

Economy of Hong Kong

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Hong Kong being at the intersection of sea routes is very well placed for trading; therefore its economy is doing rather well. For example, between 1961 and 1997 its GDP grew more 180 times its previous one. Hong Kong has always be one of the busiest international sea port and is the 7th largest port in the world.

Traditionally, Hong Kong has always benefited from special regimes. It started in the 1970s when both the British and the Chinese governments were ruling Hong Kong economy policies under what was the Positivism Non-Interventionism. Basically the country had non-governmental intervention but only lines not to cross. Since the handover to China, things haven’t changed much in a sense that Hong Kong economy is still driven ad rules by Hong-Kong itself, at least for the next 40 years or so. The island is a free market-enterprise society and will not change for a while. Hong Kong’s rank is third from the Global Financial Centres Index after London and New York and the Hong Kong Stock Exchange is the 6th in the world.

Mainland China is the China is the first economic partner of Hong-Kong followed by the United States, Japan, Taiwan, Germany, Singapore, and South Korea.

Update 8/04/2010

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