Hong Kong
The region of Hong Kong, which had long been a haven for coastal
pirates was occupied by the British during the Opium War (1839-42).
The colony prospered as an east-west trading center, the commercial
gateway to, and distribution center for, South China. It was
efficiently governed, and its banking, insurance, and shipping
services quickly became known as the most reliable in Southeast Asia.
In 1921 the British agreed to limit the fortifications of the colony,
and this contributed to its easy conquest by the Japanese. It was
reoccupied by the British on Sept. 16, 1945.
After 1949, when the Communists took control of mainland China,
hundreds of thousands of refugees crossed the border, making Hong
Kong's urban areas some of the most densely populated in the world.
Problems of housing, health, drug addiction, and crime were the target
of aggressive governmental programs, and Hong Kong's long-standing
water problem was eased by the construction of an elaborate system of
giant reservoirs and the piping in of water from China.
In May, 1967, Hong Kong was struck by a wave of riots and strikes
inspired by China's Cultural Revolution. The government reacted
firmly, and, although the Chinese retaliated by briefly stopping the
piping of water and by attacking British representatives in Beijing,
relations between Hong Kong and China soon resumed the surface harmony
that had existed since the late 1950s.
After several years of negotiations, on Dec. 19, 1984, Britain and the
People's Republic of China agreed that Hong Kong would become a
special administrative region of China as of July 1, 1997, when
Britain's lease expir...
... middle of paper ...
...rs will look to new capital intensive
markets. Furthermore, the high prices existing in Hong Kong make it a
less attractive place to live than the emerging 'business cities'
which offer all existing advantages at lower cost. Today, the
political aspect of the region seems more stable and less uncertain
than the economic one. Autonomy and lifestyle will remain the same,
what will happen to the economy.
Bibliography
http://www.info.gov.hk
http://www.geocities.com/tokyo/towers/2464/hist.htm
http://www.info.gov.hk/hkbrief/ahke.htm
http://www.tdctrade.com/main/economic.htm
http://www.tax-news.com/story/story.asp?storyname=9443
http://www.encyclopedia.com/
http://strategis.ic.gc.ca
http://www.info.gov.hk/censtatd/eng
http://www.anz.com
http://www.csis.org/asia/hkupdate/hk141hc.html
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