Study Notes

The Hong Kong Economy - 20 Years On

Level:
AS, A-Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 1 Jul 2017

In 1997 China resumed control of Hong Kong from Britain. How has the economy developed over the last twenty years? This reference note collects some articles and videos to mark the twentieth anniversary of the transfer of sovereignty.

Hong Kong is a special administrative region of China, following a distinctively liberal economic model due to its history within the British Empire. “One country, two systems” is the political doctrine under which China permitted the former colony to maintain its political and economic independence within the People's Republic for 50 years after the handover in 1997.

Hong Kong and China compared, source Statista

Articles to read:

CNN: Hong Kong: How a 'barren rock' became an Asian powerhouse

Asia Times: From 1997 to 2017: Hong Kong in pictures

BBC News: Hong Kong marks 20 years since handover to China

Hong Kong youth divided over future

Hong Kong is one of the world's most expensive places to rent a property. Hong Kong came third overall in the latest global survey with rental costs in the city requiring a annual paycheck of $66,713.

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