Posted by Travel Inspirations | Posted on 16-09-2011 | comments: 0| Posted in
In the fastest growing economy in the world – People’s Republic of China, Hong Kong has a specific place. A city-state situated on China’s south coast and enclosed by the pearl River Delta And South Chin Sea, it is renowned for its expansive skyline and deep natural harbour. Along with Singapore, Taiwan and South Korea, Hong Kong is one of the four “tigers” in the East Asian region.
Looking at Hong Kong we can hardly call China a communist state. Although the classic Maoist doctrine is far from the Hong Kong realities, the symbiosis between the giant mother country and the former off-shoot independent city-state is impressive. Under the principle of “one country, two systems”, Hong Kong has a different political system from mainland China. Hong Kong’s independent judiciary functions under the common law framework. The Basic Law of Hong Kong, its constitutional document, which stipulates that Hong Kong shall have a “high degree of autonomy” in all matters except foreign relations and military defence, governs its political system. Although it has a burgeoning multi-party system, a small-circle electorate controls half of its legislature. An 800-person Election Commitee selects the Chief Executive of Hong Kong, the head of government.
As one of the world’s leading international financial centres, Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and the currency, Hong Kong dollar, is the ninth most traded currency in the world. With a land mass of 1,104 km2 (426 sq mi) and a population of seven million people, Hong Kong is one of the most densely populated areas in the world. The lack of space caused demand for denser constructions, which developed the city to a centre for modern architecture and the world’s most vertical city. The dense space also led to a highly developed network with public transport travelling rate exceeding 90 percent, the highest in the world.
The highly developed economy of Hong Kong means that advanced technologies like international call services are something common for the former British colony.