Hong Kong Tourism Board. That's because Hong Kong acts as its own sovereign administrative district with its own immigration process, customs offices, currency, and even passport administration services, meaning each time you travel between the mainland and this large city, you'll need to present your travel documents. Fourth, an effective regulatory framework, which focuses on transparency and prudent minimum standards," wrote Tianlei Huang research analyst at the Peterson Institute for International Economics. The Macanese pataca (MOP) is the official currency of Macau, a major trading city that became a special administrative region of China in 1999. – Article 1, Basic Law, "The National People's Congress authorizes the Hong Kong Special Administrative Region to exercise a high degree of autonomy and enjoy executive, legislative and independent judicial power, including that of final adjudication, in accordance with the provisions of this Law." In international diplomacy, Hong Kong has no separate identity from mainland China. Accessed Oct. 11, 2019. Construction contributes around 5%. The service sector includes services related to travel, trade, financial, and transportation. The Hong Kong Special Administrative Region may not maintain any separate diplomatic ties with foreign countries. The principle of "one country, two systems" allows for the coexistence of socialism and capitalism under "one country," which is mainland China. State Council, People's Republic of China. From either point, you can get to many destinations in China, including Shekou (Shenzhen) and Fuyong (Shenzhen Airport). It involves politics, economics, trade, laws, and, … "Economic and trade exchanges between the mainland and Hong Kong from January to December 2018." It involves politics, economics, trade, laws, and, above all, the people. World Bank. Ministry of Commerce of China. Peterson Institute fort International Economics. World Bank. If you are on Hong Kong Island, catch the MTR, get off at Kowloon Tong, and follow signs for the KCR. "The Hong Kong Special Administrative Region is an inalienable part of the People's Republic of China." "Data: United States." Perhaps the most significant difference between mainland China and Hong Kong is that the mainland is communist and controlled by a single party while Hong Kong has a limited democracy. Accessed Oct. 11, 2019. Hong Kong exists as a Special Administrative Region controlled by The People's Republic of China and enjoys its own limited autonomy as defined by the Basic Law. However, the region's identity crisis and resistance to Beijing's interference are at the heart of the civil unrest in the former British colony. Fares range from $145 to $250 (HKD), depending on the class of service and route. The contribution of manufacturing in the GDP has shrunk over the years (1.1%), while agriculture barely contributes to the GDP (0.1%), as Hong Kong is not rich in natural resources and depends on imports for food and raw materials. Try to negotiate a flat rate from pick-up to destination point, as traffic can be congested in and around the border crossing; a good rate can quickly become exorbitant when paying hourly.
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