Hong Kong

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It's not rocket science. Hong Kong has 95% tax compliance, because its code is only four pages long with a 15% flat tax.

Ziad K. Abdelnour, 'Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics'


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The visit of Hong Kong’s Chief Executive Leung Chun-ying to the US in mid 2013 was almost invisible and also something of a mystery. His trip did not appear to have any specific purpose. His was hardly a household name in Washington (or anywhere else in the US). As far as could be ascertained he saw no-one of consequence. The simple reality was that for the US, Hong Kong was small fry – all the more so as Leung’s visit followed shortly after that of Chinese President Xi, who was seen as the real deal. An article in the South China Morning Post suggested that Mr Leung’s time ‘would have been far better spent building Hong Kong's relations with its neighbours. Leung would probably have attracted serious attention if he had instead paid an official visit to Malaysia, Indonesia or even the Philippines. However, an obsession with mainland China, and to a lesser degree what can best be described as ‘the West’, has been a feature of Hong Kong politics for years.at least since the handover. 

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- Timeline

- Political structure

- Population,

- Education  

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- Main cities

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- Time

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- Social customs and useful tips

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Key Facts

Key Facts:

Key Facts
Official name: Xianggang Tebie Xingzhengqu (Hong Kong Special Administrative Region (SAR) of China)
Head of State: State President of China XI Jinping (in Beijing) (from 14 March 2013)
Head of government: Chief Executive-elect (CY) Leung Chun-ying (from 1 Jul 2012)
Ruling party: Coalition government (approved by the Zhongguo Gongchandang (Chinese Communist Party))
Area: 1,070 square km (including 235 islands)
Population: 7.26 million (2014)*
Capital: The Legislative Council building is situated in the central district, on Hong Kong Island
Official language: Chinese (Mandarin, Beijing dialect de jure; Cantonese de facto) and English
Currency: Hong Kong dollar (HK$) = 100 cents
Exchange rate: HK$7.75 per US$ (Sep 2015)
GDP per capita: US$39,871 (2014)
GDP real growth: 2.32% (2014)
GDP: US$289.63 billion (2014)
Labour force: 3.68 million (2010)
Unemployment: 3.23% (2014)
Inflation: 4.42% (2014)
Balance of trade: -US$30.14 billion (2014)*
* estimated figure


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