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Asia Volume Two

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Asia Volume Two - Page Text Content

S: Asia Volume Two

FC: Asia Volume Two

3: Hong Kong

4: Status: Special Administrative Region of China Chief Executive: Donald Tsang (2005) Land area: 382 sq mi (989 sq km); total area: 422 sq mi (1,092 sq km) Population (2008 est.): 7,018,636 (growth rate: 0.5%); birth rate: 7.3/1000; infant mortality rate: 2.9/1000; life expectancy: 81.7; density per sq mi: 6,735 National Holiday: National Day, October 1

5: Shanghai's Yu Yuan Garden In Hong Kong

6: Economic Summary: Hong Kong is a free port, a bustling trade center, and a shopping and banking emporium—one of the greatest trading and transshipment centers in East Asia. After 1950, when much of its entrecote trade with China was halted because of UN and U.S. embargoes, Hong Kong began to industrialize. Overcoming such handicaps as a scarcity of minerals, power sources, usable land, and freshwater, and utilizing its abundant supply of cheap labor, Hong Kong has become a leading light-manufacturing center. The textile and garment industry is the colony's largest manufacturing sector. Other industries include the manufacture of electrical and electronic equipment, plastics, toys, watches and clocks, appliances, metal and rubber products, chemicals, and jewelry. The majority of goods are exported. Shipbuilding, machine tooling, and other heavy industries are also important, although most raw materials, capital goods, and fuel must be imported. China is by far the main trading partner, followed by the United States and Japan. Tourism is a major source of revenue, in addition to motion-picture production, finance and insurance, and publishing. Because of the mountainous and rocky terrain, only about 5% of the land is arable; farming is carried on principally in the New Territories; the Yuan long valley has the best farmland.

7: Rice and a variety of vegetables are grown, but most food is imported from mainland China. Fishing is a common occupation, and chickens and pigs are raised. Hong Kong's rail link with the mainland is by the Kowloon-Guangzhou Railway. Kowloon is connected with Hong Kong Island, 1 mi (1.6 km) away, by ferry and by a vehicular tunnel. Hong Kong has shipping connections with all major world ports and is an international air hub; the airport at Kai Tak (opened 1958) was built on land reclaimed from Kowloon Bay. A new airport, on landfill extending from Chek Lap Kok Island, opened in 1998; highways and a high-speed rail system connect Victoria to the airport.

8: Palace Museum with 9,999 Rooms in Hong Kong

9: Communications: Hong Kong has one of the most sophisticated and competitive telecommunications markets in the world. As a result, Hong Kong residents get good services in terms of capacity, speed and price. The Office of Telecommunications Authority (OFTA) is the legislative body responsible for regulating the telecommunications industry in Hong Kong. The OFTA has liberalized all telecom sectors and there are no foreign ownership restrictions. In the local fixed-line market there is neither a pre-set limit on the number of licenses issued nor deadline for applications. As of 2004, there are nine fixed-line licensees: PCCW-HKT, New World Telephone Limited, Wharf T & T Limited, Hutchison Global Crossing Limited, Hong Kong Broadband Network Limited, Eastar Technology Limited, CM Tel. (HK) Limited, TraxComm Limited and HKC Network Limited.

10: Giant Buddhas in Hong Kong

11: Consequently, the telephone density is, with 56 lines per 100 people, among the highest in the world. As of 2004 there are 197 licensed Internet Service Providers (ISP) in Hong Kong, providing dial-up or broadband services. Hong Kong is the second after South Korea in terms of broadband penetration rate (53%). With regard to mobile services, the OFTA awarded four 3G licenses in 2001: Hong Kong CSL Limited, Hutchison 3G (HK) Limited, Smart Tone 3G Limited and Sunday 3G (HK) Limited The first 3G mobile services were launched in January 2004. Moreover, these four 3G operators, together with New World Mobility and Peoples Telephone Company Limited operate a total of eleven GSM networks. Thus, the mobile density as of 2004 is, once again, one of the highest in the world (106.3%).

12: The Forbidden City was the former Imperial palace which was the home to twenty-four Chinese emperors over 491 years between 1420 and 1911

13: Transportation: Hong Kong has a highly developed and sophisticated transport network, encompassing both public and private transport. Over 90% of the daily journeys are on public transport, making it the highest rate in the world. Since 1997, an electronic money system, namely the Octopus card, has been introduced to provide an alternative to the traditional banknotes and coins. Available for purchase in every station of the Mass Transit Railway system, the Octopus card is now a means of payment for not only public transport (such as trains, buses, trams, ferries and minibuses), but also widely used at parking meters, convenience stores, supermarkets, fast-food restaurants, and some vending machines.

14: Hong Kong Lake

15: Transportation: Hong Kong has a highly developed and sophisticated transport network, encompassing both public and private transport. Over 90% of the daily journeys are on public transport, making it the highest rate in the world. Since 1997, an electronic money system, namely the Octopus card, has been introduced to provide an alternative to the traditional banknotes and coins. Available for purchase in every station of the Mass Transit Railway system, the Octopus card is now a means of payment for not only public transport (such as trains, buses, trams, ferries and minibuses), but also widely used at parking meters, convenience stores, supermarkets, fast-food restaurants, and some vending machines.

16: People Sailing in Hong Kong

17: Transportation: Hong Kong has a highly developed and sophisticated transport network, encompassing both public and private transport. Over 90% of the daily journeys are on public transport, making it the highest rate in the world. Since 1997, an electronic money system, namely the Octopus card, has been introduced to provide an alternative to the traditional banknotes and coins. Available for purchase in every station of the Mass Transit Railway system, the Octopus card is now a means of payment for not only public transport (such as trains, buses, trams, ferries and minibuses), but also widely used at parking meters, convenience stores, supermarkets, fast-food restaurants, and some vending machines.

18: Hong Kong Beautiful Place

19: International disputes: The Hong Kong International Arbitration Centre (or HKIAC) was established in 1985 to assist disputing parties to solve their disputes by arbitration and by other means of dispute resolution. It was established by a group of the leading business and professional people in Hong Kong to be the focus for Asia of dispute resolution. It has been generously funded by the business community and by the Hong Kong Government but it is totally independent of both and it is financially self sufficient. Hong Kong International Arbitration Centre HKIAC is a non-profit making company limited by guarantee.

21: International disputes: The Hong Kong International Arbitration Centre (or HKIAC) was established in 1985 to assist disputing parties to solve their disputes by arbitration and by other means of dispute resolution. It was established by a group of the leading business and professional people in Hong Kong to be the focus for Asia of dispute resolution. It has been generously funded by the business community and by the Hong Kong Government but it is totally independent of both and it is financially self sufficient. Hong Kong International Arbitration Centre HKIAC is a non-profit making company limited by guarantee. It operates under a Council composed of business and professional people of many different nationalities and with a wide diversity of skills and experience. Administration of HKIAC arbitration activities is conducted by the Council through the Centre's Secretary-General who is its chief executive and registrar. In Hong Kong there are a variety of ways of resolving disputes and Hong Kong International Arbitration Centre is available to assist parties to choose the best available for their particular disputes. Some of the options are described below.

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Priscilla J. Fumero
  • By: Priscilla J.
  • Joined: over 6 years ago
  • Published Mixbooks: 9
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About This Mixbook

  • Title: Asia Volume Two
  • Place Around Asia
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  • Published: over 6 years ago

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