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Hong Kong News |
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Kong Skyline Where East Meets West |
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In
the last century Hong Kong has become a world class financial and trading center and has one of the top deep water ports in the world. Hong Kong has a workforce of about 3.5 million people. On July 1, 1997
Hong Kong became the People’s Republic of China after being under British's administration for about
150 years. The Hong Kong skyline is next to none. Situated at the southeastern tip of China, Hong Kong is 1104 square kilometers with
the population of just under 7 million and a population density of 6380 people per square kilometer. There are 29,000 people from the United States living in Hong Kong. Chinese and English are the official languages of Hong Kong. English is widely used
by government, business and professional sectors. Hong Kong weather is sub tropical, with temperatures ranging from 10 – 33 degrees Celsius.
Most rainfall is between April and September. In Hong Kong, weather is pleasant enough for many outside days and evenings
throughout the year with the exception of the winter months. More than 3800 international corporations have established regional headquarters or offices
in Hong Kong ranging from, wholesale/retail, import/export trades, finance and banking, manufacturing, transport and related
services. Hong Kong advocates free trade. Corporate and personal taxes are low and simple to calculate. The Hong Kong dollar
in terms of a linked exchange rate against the US dollar is at the rate of $7.80 to US$1. Hong Kong has a well established legal system based on the common law. The rights
and freedoms of Hong Kong people and those living here are founded upon the impartial rule of law, an independent judiciary,
a comprehensive system of legal aid, and a free and active press. Hong Kong travel (local) has become the world’s
biggest public infrastructure project, which involves railroads, bridges, highways, a tunnel and land reclamation, a new airport,
a new town. Estimated cost: $21 billion. Hong Kong travel network offers travel into mainland China with both short
and long trips. |
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In the late 19th century and early 20th centuries, Hong Kong developed
as a warehousing and distribution center for U.K. trade with southern China. After the end of World War II and the communist
takeover of Mainland China in 1949, hundreds of thousands of people fled from China to Hong Kong. Hong Kong became an economic
success and a manufacturing, commercial, finance, and tourism center. High life expectancy, literacy, per capita income, and
other socioeconomic measures attest to Hong Kong's achievements over the last five decades.
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