Imperialism Hong Kong

Satisfactory Essays
20 January 1841, Hong Kong, a Chinese archipelago mainly inhabited by fishers and smugglers, was occupied by the British Empire during the first opium war against the Chinese
Qing Empire. On 29 August 1842 the war ended with the Treaty of Nanjing, which included an obligation that China approved the island of Hong Kong as a crown colony of Great
Britain. Further conflicts escalated into the second opium war, which resulted in peace in
1860 with the signing of the Convention of Beijing. One of the paragraphs in the convention included that the peninsula of Kowloon also became a part of the Crown colony. In 1898 the
Qing dynasty agreed to a 99-year lease to Great Britain of the Lantau Island and another
The Gravity of Liberation - An analysis of Hong Kong’s trade flows
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During the years of colonization, Hong Kong grew from being an Island of only 5000 inhabitants to becoming the world’s 8 th largest trade nation, 8th largest stock market, 5th largest banking center and one of the world’s busiest ports
(Larsson, 1997).
Many argue that this astonishing achievement is due to Hong Kong’s laissez-faire approach to economic policies with low taxes, low customs duties, free trade, free capital movements and a fairly liberal immigration policy. Many wondered how Hong Kong could ever be able to be ruled by China again, a country with a considered completely different approach to economic policies. Over the years, Hong Kong has been considered the “door to China”, meaning that many goods and services targeted to the mainland Chinese market was traded via Hong Kong
(Larsson, 1997). Would Hong Kong’s role as a door to China strengthen with the liberation?
Would the closer ties to the Chinese communist party have a bad influence on Hong Kong’s laissez-faire-concept? These where some of the big questions before the liberation. How did it end up? We are in this paper about to investigate some of the details.
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