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Hong Kong,
described as a 'barren rock' over 150 years ago, has become
a world-class financial, trading and business centre and,
indeed, a great world city.
Hong Kong has no natural resources, except one of the finest
deep-water ports in the world. A hardworking, adaptable and
well-educated workforce of about 3.58 million, coupled with
entrepreneurial flair, is the bedrock of Hong Kong's productivity
and creativity.
Hong Kong became a Special Administrative Region (SAR) of
the People's Republic of China on July 1, 1997, after a century
and a half of British administration. Under Hong Kong's constitutional
document, the Basic Law, the existing economic, legal and
social systems will be maintained for 50 years. The SAR enjoys
a high degree of autonomy except in defence and foreign affairs.
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