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The title from the territory, initially spelled "He-Ong-Kong" in 1780,[31] originally referred to a small inlet among Aberdeen Island as well as southern coast of Hong Kong Island. Aberdeen was an Preliminary level of contact between British sailors and native fishermen.[32] Although the source of the romanised title is not known, it is usually considered to generally be an early phonetic rendering of the Cantonese pronunciation hēung góng. The identify interprets as "fragrant harbour" or "incense harbour".
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As being the mainland liberalised its economic climate, Hong Kong's shipping field faced extreme Levels of competition from other Chinese ports. Fifty p.c of China's trade merchandise ended up routed by means of Hong Kong in 1997, dropping to about thirteen p.c by 2015.[199] The territory's minimal taxation, prevalent-law program, and civil company attract overseas corporations wishing to establish a existence in Asia.
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Political debates after the transfer of sovereignty have centred around the area's democratic progress as well as the central governing administration's adherence into the look at these guys "1 place, two methods" theory. Immediately after reversal of the last colonial-era Legislative Council democratic reforms following the handover,[seventy six] the regional government unsuccessfully tried to enact countrywide-safety legislation pursuant to Write-up 23 of The fundamental Regulation.
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