HONG KONG
Location:
Hong Kong is located in eastern Asia, on the southeast coast of China bordering the
South China Sea. Its total area is 1,040 square kilometres.
Population:
5,548,754 (July, 1994 estimate)
Languages:
Chinese (Cantonese), English
Government:
Hong Kong is a dependent territory of the United Kingdom. It is scheduled to revert
back to China in 1997.
Legal System:
Hong Kong's legal system is based on English common law.
Telecommunications:
Hong Kong's modern telecommunication facilities provide excellent domestic
and international services. It has microwave transmission links and an
extensive optical fiber transmission network. It has one Pacific Ocean
INTELSAT earth station and two Indian Ocean INTELSAT earth stations.
There is a coaxial cable to Guangzhou, China. In addition, there are links to
international submarine cables providing access to ASEAN member nations,
Japan, Taiwan, Australia, the Middle East and Western Europe.
Economy:
Hong Kong has a bustling free market economy with few tariffs or nontariff barriers.
Natural resources are limited, and food and raw materials must be imported.
Manufacturing accounts for about 17% of GDP. Goods and services exports account for
about 50% of GDP. Real GDP growth averaged a remarkable 8% in 1987-88, slowed to
3.0% in 1989-90, and picked up to 4.2% in 1991, 5.0% in 1992 and 5.2% in 1993.
Unemployment, which has been declining since the mid-1980s, is now about 2%. A
shortage of labor continues to put upward pressure on prices and the cost of living.
Short-term prospects remain bright so long as major trading partners continue to be
reasonably prosperous.
Industries:
Hong Kong's main industries are textiles, clothing, tourism, electronics, plastics, toys,
watches and clocks.
Currency:
1 Hong Kong dollar (HK$) = 100 cents
Exchange Rates:
Hong Kong dollars (HK$) per US$ - 7.800 (1993)
The Hong Kong dollar has been linked to the US dollar at the rate of about 7.8
HK$ per 1 US$ since 1985
Related sites:
Guide To Hong Kong
Hong Kong
Hong Kong Connection
Hong Kong Cool Sites
Hong Kong Government Information
Hong Kong Hotels
Hong Kong Information Page
Hong Kong Related Links
Hong Kong Stocks Report
Hong Kong Trade Directory
Hong Kong Web Sites
WWW Servers About Hong Kong
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