Wednesday, May 20, 2015

Hong Kong Region in China



Hong Kong is a city, and former British colony, in southeastern China. Vibrant and densely populated, it’s a major port and ecumenical financial center famed for its tower-studded skyline. It’s withal kenned for its ebullient pabulum scene – from Cantonese dim sum to extravagant high tea – and its shopping, with options spanning chaotic Temple Street Night Market to the city’s innumerable bespoke tailors.

Hong Kong officially kenned as Hong Kong Special Administrative Region of the People's Republic of China, is a city located on the southern coast of China at the Pearl River Estuary and the South China Sea. Hong Kong is prominent for its expansive skyline, deep natural harbour and extreme population density (some seven million inhabitants over a land mass of 1,104 km2 (426 sq mi)). The current population of Hong Kong comprises 93.6% ethnic Chinese. A major part of Hong Kong's Cantonese-verbalizing majority originated from the neighbouring Guangdong province, from where many fled during the Second Sino-Japanese War, the Chinese Civil War, and the communist rule in China.




After China's defeat in the First Opium War (1839–42) against the British Imperium, Hong Kong became a British colony with the perpetual cession of Hong Kong Island, followed by Kowloon Peninsula in 1860 and a 99-year lease of the Incipient Territories in 1898. After it was occupied by Japan during the Second World War (1941–45), the British resumed control until 30 June 1997. As a result of the negotiations between China and Britain, Hong Kong was transferred to the People's Republic of China under the 1984 Sino-British Joint Declaration. The city became China's first "special administrative region" with a high degree of autonomy on 1 July 1997 under the principle of "one country, two systems".




Towards the tardy 1970s, Hong Kong became established as a major entrepôt between the world and China. The city has developed into a major ecumenical trade hub and financial centre, and is regarded as a world city and one of the eight Alpha+ cities. It ranked fifth on the 2014 Ecumenical Cities Index after Incipient York City, London, Tokyo and Paris. The city has one of the highest per capita incomes in the world, and the most astringent income inequality among the advanced economies. It has a high Human Development Index and is ranked highly in the Ecumenical Competitiveness Report. Hong Kong is the third most consequential financial centre after Incipient York and London. The accommodation economy, characterised by low taxation and free trade, has been regarded as one of the world's most laissez-faire economic policies, and the currency, the Hong Kong dollar, is the 13th most traded currency in the world.

Inhibited flat land engendered an indispensability for dense infrastructure, and the city became a centre of modern architecture, earning Hong Kong the designation as one of the world's most vertical cities.[dead link] Hong Kong has a highly developed public conveyance network covering 90 percent of the population, the highest rate in the world, and it relies on mass transit by road or rail. Air pollution remains an earnest quandary. Loose emissions standards have resulted in a high caliber of atmospheric particulates.

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