Radiance3 wrote:
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Without Hongkong, the economic policy of China could not compete with president Trump. China has 1.4 billion people to take care of.
The British took over Hongkong in 1898 with a lease for 99 years under Queen Victoria. British had made Hongkong prosperous with democratic controlled under capitalism.
GDP of US in 2018 was $20.5 trillion versus China was $14.2 trillion.
President Trump impost a 10% tariff to China imports worth about $300 billion.
Chinese retaliated to impost 25% tariffs to US imports about $16 billion.
US depends so much on cheap quality Chinese products, made by Chinese cheap labor. I think US must discipline ourselves buy our own which is more durable and better quality though a little bit more expensive due to our higher standards and high labor cost.
In 1997, the British PM Margaret Thatcher, signed and ended the 99-year lease. Hongkong was ceded back to China, with the condition that Hongkong remains democratically controlled governance under capitalism for 50 years.
The return of Hongkong to China made China prosperous and gradually got world dominance in commerce in the Far East. It used to be Japan was the main country that controlled economic dominance in the Far East.
The people in Hongkong have been used to democratic control via the Parliamentary system of England.
That has slowly changed, and the mainland China is beginning to take away that freedom, thus people of Hongkong resist. They want more freedom away from the mainland.
Hongkong has a 426 miles of territory and the most densely populated and economically independent in all parts of the world. Hongkong is now revolting against the mainland for power control. The people of Hongkong grew up in freedom under the British rule.
I hope the people of Hongkong continue to live freely under capitalism to pursue its destiny.
https://www.thoughtco.com/china-lease-hong-kong-to-britain-195153
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I think it is a stretch to say Hong Kong was democratically controlled under the British. It was only after Chris Patten became governor in 1992 that he made moves to democratize Hong Kong. See: