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Hong Kong

 * Hong Kong Special Administrative Region (HKSAR), a small nation that has a population of approximately 7.1 million with its land mass of 1,104 km².In 2009, Hong Kong was ranked the 4th most densely populated area in the world. In this article, it will explain briefly about Hong Kong's background, geography and economy.

Background

 * Hong Kong consists of a rich history. After the First Opium War, Hong Kong was defeated and came part of the United Kingdom's colonies. Later on, the Empire of Japan attacked Hong Kong and took control of the territory. It was unforgettable for people in Hong Kong because the length of this period lasted 3 years and 8 months. In 1997, the British signed the Sino-British Joint Declaration, and agreed to ransfer Hong Kong back to the People's Republic of China (PRC). In this declaration, United Kingdom and the People's republic of China created a principle called "One country, two systems". This principle allowed Hong Kong to keep its own capitalist economic and political systems, while PRC still uses the socialist system.

Geography

 * Hong Kong is geographically located in the southern part of China, near the coastal area. Hong Kong started up as a small fish village in ancient Chinese history. With its excellent location and environment conditions, countries around the globe use Hong Kong as a port to import/export to the big market, such as China and United State.

Economy
Source: Global Trade Atlas
 * Hong Kong joined the World Trade Organization (WTO) on January 1, 1995. As part of the world major international financial centers, Hong Kong has few unique types of trading such as"
 * Offers free trade economy with low taxation
 * Offers laissez-faire
 * Offers non-interventionism
 * Hong Kong has a high level of infrastructure. Nevertheless, without hundreds of nations around the globe, Hong Kong may not be as successful as today. Since Hong Kong is relying on foreign investors to build its society. It is true that Hong Kong will no longer stance a change to compare with others.
 * The following table show Hong Kong's total Trade with the World, China, and the United Sates during 1997 to 2006. (U.S. $ in billions)