It is often confusing whether Hong Kong is a country. Is Hong Kong qualified to become a country? If not, then what is the governance, economic system and status of this place? Does it belong to the People’s Republic of China? Or is it a completely independent entity of itself? When it comes to the country, China, it is known for its rigidity and rigor of the communist economic system. Based on the protection of the Chinese Association, Hong Kong stands out as a title based on its liberal atmosphere and becoming a hot spot for gatherings and wild nightlife. What are the reasons for the special regulations provided to Hong Kong?
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You are watching: Is Hong Kong A Country?
Is Hong Kong a country?
Hong Kong is not a country. It belongs to the Special Administrative Region (SAR) of the People’s Republic of China. It is located in the southernmost part of China. Hong Kong is exempt from the CINA constitution. It has its own laws, constitution, economic and political systems.
The administrative center of Hong Kong is Tamar. The total area is 2,755 square kilometers. The total population of this special administrative region is 7.2 million. The most common dialect on Hong Kong streets is Cantonese, and citizens also speak Mandarin, and English is the most common for everyone, because Hong Kong also sees a large number of tourists and foreign exchange students. The translation of “Hong Kong” in Chinese is “Hong Kong”.
The History of Hong Kong
In 1984, Britain and China signed an agreement called the China-British Joint Declaration, which freed Hong Kong from the colonial rule of the British colonies and handed over Hong Kong to China. This happened on July 1, 1997, at that moment, when Hong Kong was a special status in a special administrative region.
The concept of “one law, two systems” was introduced, which said that Hong Kong will now become a part of China, but Hong Kong’s economy will not become a Communist Party. Hong Kong will have a capitalist economy and experience a high degree of political freedom, unlike other states in China.
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Hong Kong’s economy
Hong Kong has a free market economy within the framework of capitalism. It has the simplest tax system in the world. It is a free port, which means there are no tariffs on imported goods or exported goods. The four pillars of Hong Kong’s economy are financial services, trade-logistics, tourism and professional services. Hong Kong has the eighth largest stock market in the world. The economy increases its revenue stream from land taxation.
Hong Kong has very free tax laws on the people. They have a famous 60-day working rule. The rule states that if any company’s employees appear in Hong Kong for 60 days or less and contribute to the workforce, no tax will be imposed on the services they provide.
Interesting facts about Hong Kong
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- The currency used in Hong Kong is the Hong Kong dollar. It is divided into 100 cents.
- Hong Kong ranks third in the world in the world after cities in New York and London.
- Hong Kong has attracted many visitors for its impressive Sky High architecture and the vibrant nightlife culture of young people.
- Hong Kong has the highest life expectancy. This is a direct result of Hong Kong’s highly developed medical system.
- Hong Kong has the highest percentage of non-followers with any religion, making it 61% of the total population. The remaining population includes 20% Christianity, 14% Buddhism and 1% Taoism.
- Hong Kong’s home airline is named Cathay Pacific. It is considered “the best airline in the world” and has won this title several times.
- Hong Kong has the largest number of restaurants and cafes per capita.
Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion