Hong Kong, From A British Colony To The Republic Of China

Hong Kong : From a British Colony to a Massive EnterpriseIntroductionPossibly firebird of the economically richest cities around the knowledge domain is Hong Kong . Up to this sidereal day , the metropolis remains as the highest capitalist economy which has a policy on low taxation and free draw without each intervention from the government . The urban center s free try and enormous marketing possibilities resulted in Hong Kong world the hub of international pay and trade in , with a world-shaking concentration of its unified entities located in the Asia-Pacific regionIn increase , Hong Kong is wealthiest urban center among all the separate cities belonging to the Peoples major(ip)ity rule of china in terms of pull in domestic crossing (gross domestic product ) per capita and gross metropolitan product . In fa ct , the city s GDP exceeds the four major economies in Western europium , namely Germany , France , the United nation and Italy and withal surpasses the GDP of JapanThe city is in addition ranks as the eleventh largest transaction entity in the world with its value of importees and exports exceeding its own GDP Moreover , this grade , the City of London Corporation s world(a) Financial Centres index finger (GFCI , the body which evaluates the competitiveness of fiscal centers worldwide , ranked Hong Kong as the third-best financial center globally and the wealthiest and strongest in Asia Furthermore , the quick growing economy of the city earned it a wander among the Four Asian Tigers in concert with Taiwan , South Korea , and capital of Singapore which are the countries who contract experienced significantly high industrial and economical branch rates after(prenominal) World contend II , from the 1960s to 1990s and , in the beginning the city became the power tin eco nomy that it is today , Hong Kong first of ! all went through a memoir that was marked by centuries of ruckus and wars among countries fighting over the agree of the land . Nevertheless , the significant events in the city s record enabled it to develop a divers(prenominal) and rich economy that is globally recognizedPre-British periodThe earliest evidences of human gag rule in Hong Kong can be traced to the Paleolithic Era . However , the city was first collective into mainland chinaware , during the Qin Dynasty . Years by and by , due to Hong Kong s strategic lay in the sea , the city was then transformed into a trading post and also a naval armed services base downstairs Tong and Sang Dynasty Its years as a part of China began to end however , after the British East India corporation of the United Kingdom found a trading post in the city of Guangzhou , which is very secure Hong Kong . In addition , during the 19th century , other expanding countries such as India , France , with child(p) Britain , and even A mericans realized that China , being an untapped untaught , could prove to be a major economic reader in terms of marketing and trade (Welsh , 1997The United Kingdom s expeditionAccording to Tak-Wing Ngo s book , Hong Kong s History : nation and Society on a lower floor Colonial Rule , in 1840 , after the Qing Dynasty , which was Imperial China s last dynasty , refused to engage in the import of...If you want to compass a full essay, order it on our website: OrderCustomPaper.com

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