What's the nouns between the opium war and Hong Kong's current free open market discount?
Or even just the channel HK's economy is today...what role did the opium war play? Thanks a lot.
Answers: British Empire be selling Opium in China. China confiscated the opium. British asked for compensation. But China refuse due to the drug is illegal. British later fought a war beside China. As result of the loss by China in the time of war, China had to repay millions pounds of Gold and Silver to compensate for the "war cost" of the British empire. Hong Kong be also "leased" to Britain for 100 years. At the time, Hong Kong was nought more than a fishing village. Due to the colloquial great Harbor and strategic location. British empire built it into one of the largest ports in Asia. As Britain moved to Monarchy to Capitalism due to industrial revolution, Hong Kong be continuously ruled by Britain. After WWII, as Hong Kong was slowly transformed into a free-market and capitalistic discount. Then it was transferred put money on to China's rule in 1997 and it continues its economical system underneath the "one country, two systems" rule spearheaded by the former Chinese leader Deng Xiaoping.
AS a result of the opium period of war, the west (England) imposed the Unequal Treaties, a provision of which was the obtain of Hong Kong as English territory. The west's monetary model was duplicated within Hong Kong.
opium war cause HK to be ruled under UK. UK consequently introduce free market reduction there. Beside that, near is nothing else to do next to HK.
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