Hong Kong is not officially under Chinese control, and therefore, it retains its own independence on subjects including government. The People's Republic of China only intervenes on military defense.
Under this mutual agreement, Hong Kong operates under a capitalist government instead of a communism.
Hong Kong never became a communist society. It instead operates under a capitalist democratic government.
Hong Kong
Hong Kong operates under its own capitalist government. However, it is also under Chinese sovereignty by the People's Republic of China.
Hong Kong is not in either country. Although officially a special administrative region of the People's Republic of China, Hong Kong resides on its own island, separate of the Mainland. Hong Kong is complete with its own set of laws and regulations, even under Chinese control. Hong Kong operates under a capitalist government instead of a communist government, such is China.
The People's Republic of China never instituted a socialist economy onto Hong Kong. On the night of the Handover of Hong Kong (July 1, 1997), the Chinese government promised Hong Kong freedom in all matters excepting military authority and international relations. Therefore, Hong Kong was allowed to keep its capitalist government and economy.
Since 1997 Hong Kong has been ruled by China.
When the Handover of Hong Kong commenced on July 1, 1997, the People's Republic of China promised the Hong Kong government that it would retain freedom in all matters except military authority and international relations. Therefore, the political and social stance of Hong Kong changed little. Hong Kong was allowed to keep its capitalist government and economic policy.
When the Handover of Hong Kong commenced on July 1, 1997, the People's Republic of China promised the Hong Kong government that it would retain freedom in all matters except military authority and international relations. Therefore, the political and social stance of Hong Kong changed little. Hong Kong was allowed to keep its capitalist government and economic policy.
hong kong, china
Hong Kong DollarsThe Hong Kong Dollar or HKD.Hong Kong Dollars.
Hong Kong is a city in China, which is on the continent of Asia.
Hong Kong uses its own currency, The Hong Kong Dollar. It is accepted all over Hong Kong, The New Territories and Macau.Hong Kong Dollars