BizBeat Ep 59: Hong Kong’s soaring exports boosted by Chinese mainland market

CGTN published this video item, entitled “BizBeat Ep 59: Hong Kong’s soaring exports boosted by Chinese mainland market” – below is their description.

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Hong Kong’s exports jumped 44% this January, soaring the most since 1992. Other than seasonal factors and vaccine-related optimism, exports to the Chinese mainland has been a key driver. How has the Chinese mainland market boosted Hong Kong’s exports? CGTN anchor Lily Lyu has some insights. #BizBeat

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In This Story: Hong Kong

Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

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