since the mainland liberalised its economy, Hong Kong's transport business faced rigorous competition from other Chinese ports. Fifty per cent of China's trade items ended up routed through Hong Kong in 1997, dropping to about 13 for each cent by 2015.[226] The territory's nominal taxation, widespread legislation procedure, and civil service bring in overseas firms wishing to determine a existence in Asia.[226] the town has the second-best quantity of corporate headquarters within the Asia-Pacific region.[227] Hong Kong is actually a gateway for international immediate expense in China, offering investors open up usage of mainland Chinese marketplaces via immediate hyperlinks With all the Shanghai and Shenzhen inventory exchanges.
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Hong Kong is characterised for a hybrid of East and West. standard Chinese values emphasising spouse and children and education and learning Mix with Western ideals, such as financial liberty plus the rule of law.[268] Although the overwhelming majority from the inhabitants is ethnically Chinese, Hong Kong has developed a definite identification. The territory diverged in the mainland on account of its extensive duration of colonial administration and another rate of financial, social, and cultural advancement. Mainstream tradition is derived from immigrants originating from various aspects of China. This was influenced by British-model training, a separate political system, and the territory's speedy development over the late 20th century.
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It has minimal arable land and number of normal means, importing the vast majority of its foodstuff and raw supplies. a lot more than 90 for every cent of Hong Kong's food stuff is imported, such as nearly all its meat and rice.
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