HONG KONG, CHINA

Historic Ties  1911 Revolution:  By the end of the Qing dynasty, some Chinese revolutionaries used Hong Kong as a base for anti-Qing activities.  There were many uprisings to overthrow the Qing Dynasty. Some of them were organized in Hong Kong, and the Hong Kong people were very supportive. They offered financial support to the revolution.

Historic Ties cont.  People in Hong Kong organized a boycott. All local workers had withdrawn from work. Because of the boycott, Hong Kong’s economy was badly affected. However, the incident showed that Hong Kong continued to maintain a close relationship with China even after it came under Britain rule.

Historic Ties cont.  In 1937, Japan began her full-scale invasion of China. Many people from the Mainland China escaped to Hong Kong. To give these people a shelter, the Hong Kong government started to build refugee camps immediately.

Historic Ties cont.  China and Britain agreed to sign the Sino- British Joint Declaration in According to the Declaration, Hong Kong would return to Mainland China on July 1, 1997.

Current Economic Ties  Existence of vast market  The huge population of the mainland creates a vast markets. Many Hong Kong companies have invested in the mainland. This helps the growth of the economy in Hong Kong.  Hong Kong imports basic necessities and foodstuffs from China and exports clothing and textile products, electrical machinery and made-up articles to China.

Current Economic Ties cont.  Hong Kong imports basic necessities and foodstuffs from China and exports clothing and textile products, electrical machinery and made-up articles to China

Trade Benefits  The Mainland China and Hong Kong are close trading partners. The mainland is a major source and market of re-exports.  The mainland had been a source of materials and resources to Hong Kong.  Since the mainland’s adoption of the open door policy in 1978, inflow of labor and capital investments from the mainland helped the industrial development of Hong Kong.