Even though European demand from customers for Chinese commodities like tea, silk, and porcelain was higher, Chinese curiosity in European produced items was comparatively negligible, making a substantial trade imbalance concerning Qing China and Excellent Britain. To counter this deficit, the British began to offer increasingly massive volumes of Indian opium to China. Faced with a drug habit crisis, Chinese officers pursued ever a lot more aggressive actions within an make an effort to halt the opium trade.
Flexibility of religion is guaranteed by the Basic Legislation, and lots of religious organisations have a longtime existence within the territory. The vast majority of citizens haven't any religious affiliation, professing some type of agnosticism, irreligion, or atheism. In a 2015 Gallup Intercontinental poll, 26% of Hongkongers self-recognized as spiritual.
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The identify Hong Kong initially referred to a small inlet between Aberdeen Island as well as the southern Coastline of Hong Kong Island. The city of Aberdeen was an Original stage of Make contact with among British sailors and native fishermen. The source of the romanised identify will not be identified, but it really is usually thought to generally be an early phonetic rendering from the spoken Cantonese pronunciation of 香港 (Cantonese Yale: hēung góng), meaning "fragrant harbour" or "incense harbour". "Fragrance" may perhaps check with the sweet taste from the harbour's clean h2o influx through the Pearl River estuary or on the incense from factories lining the Coastline of northern Kowloon.
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Even though maritime trade experienced Beforehand been banned, after repopulation with the coast and remaining defeat of all rebels with Ming sympathies, the Kangxi click here Emperor lifted the trade prohibition in 1684 and permitted foreigners to enter Chinese ports. Trade with Europeans was a lot more strictly regulated and have become concentrated from the Pearl River Delta right after institution on the Canton Technique in 1757, which forbade non-Russian ships from northern Chinese ports and compelled all commerce for being carried out solely in the port of Canton, just north of Hong Kong.
The Hong Kong dollar has long been pegged to The usa greenback given that 1983. Since most business enterprise transactions from the territory are carried out in US bucks, the mounted Trade-charge technique is intended to scale back overseas exchange hazard for international traders and buyers. Policy changes applied via the Federal Reserve influence Hong Kong, but tend not to necessarily take the territory under consideration, and volatility in the value with the US greenback alone necessitates the Financial Authority to repeatedly maintain the mounted Trade charge at significant Expense.
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 Even though European demand from customers for Chinese commodities like tea, silk, and porcelain was higher, Chinese curiosity in European produced items was comparatively negligible, making a substantial trade imbalance concerning Qing China and Excellent Britain. To counter this deficit, the British began to offer increasingly massive volumes of Indian opium to China. Faced with a drug habit crisis, Chinese officers pursued ever a lot more aggressive actions within an make an effort to halt the opium trade.