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Hong Kong is a free port and has no customs tariff on imported goods, [66] while mainland China does. This offers smugglers an opportunity to take advantage of price differences. Smugglers use speedboats to illegally bring goods from Hong Kong to mainland China without paying tariffs, including meat and ginseng. [67]
In 1942, the Republic of China repealed the "unequal treaties" and began negotiations with the United Kingdom on the establishment of a new, fairer treaty. The highest authority in China, the Chairman of the Military Affairs Commission of the National Government, Chiang Kai-Shek, attempted to put the issue of Hong Kong onto the two parties' agenda, suggesting that the Kowloon concession should ...
Hong Kong is the ninth largest trading entity in exports and eighth largest in imports (2021), [231] [232] trading more goods in value than its gross domestic product. [231] [232] Over half of its cargo throughput consists of transshipments (goods travelling through Hong Kong). Products from mainland China account for about 40% of that traffic ...
Sino-US tensions and China's slowing economy have piled additional challenges on Hong Kong, hurting its traditional role as a gateway between the West and the mainland, said diplomats and business ...
At the time, China agreed to give Hong Kong a sizable degree of autonomy for the next 50 years, but according to the Council on Foreign Relations, hasn't held up that end of the bargain: In 2020 ...
Permanent residents of Hong Kong with PRC nationality hold a different type of passport, called the Hong Kong Special Administrative Region Passport, which is different from that for PRC citizens in mainland China. [4] Hong Kong permanent residents and mainland Chinese need a passport-like document (the "Home Return Permit" for Hong Kong ...
In response, Deng Xiaoping cited the lack of room for compromise on the question of sovereignty over Hong Kong; the PRC, as the successor of Qing dynasty and the Republic of China on the mainland, would recover the entirety of the New Territories, Kowloon and Hong Kong Island. China considered treaties about Hong Kong as unequal and ultimately ...
Taiwan, Hong Kong and Macao [a], also known as Hong Kong, Macao and Taiwan [b] is the collective term used by the People's Republic of China for its two special administrative regions Hong Kong and Macao, as well as the Taiwan region, which is claimed as sovereign territory by the PRC but is actually governed by the government of the Republic of China (Taiwanese authorities).