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Red
Sea Management provides Hong Kong offshore incorporation, Hong Kong
offshore asset protection and a full range of services. |
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Report on Hong
Kong

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| Background:
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Occupied by the UK in 1841, Hong Kong was formally ceded by China the
following year; various adjacent lands were added later in the 19th
century. Pursuant to an agreement signed by China and the UK on 19
December 1984, Hong Kong became the Hong Kong Special Administrative
Region (SAR) of China on 1 July 1997. In this agreement, China has
promised that, under its "one country, two systems" formula,
China's socialist economic system will not be practiced in Hong Kong
and that Hong Kong will enjoy a high degree of autonomy in all matters
except foreign and defense affairs for the next 50 years.
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| Location:
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Eastern Asia, bordering the South China Sea and China
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Geographic coordinates:
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22 15 N, 114 10 E
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| Map
references:
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Southeast Asia
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Area:
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total: 1,092 sq km
land: 1,042 sq km
water: 50 sq km
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| Area -
comparative:
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six times the size of Washington, DC
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| Land
boundaries:
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total: 30 km
border countries: China 30 km
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Coastline:
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733 km
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| Maritime
claims:
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territorial sea: 3 NM
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| Climate:
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tropical monsoon; cool and humid in winter, hot and rainy from spring
through summer, warm and sunny in fall
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| Terrain:
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hilly to mountainous with steep slopes; lowlands in north
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| Elevation
extremes:
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lowest point: South China Sea 0 m
highest point: Tai Mo Shan 958 m
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| Natural
resources:
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outstanding deepwater harbor, feldspar
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| Land use:
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arable land: 6%
permanent crops: 1%
permanent pastures: 1%
forests and woodland: 20%
other: 72% (1997 est.)
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| Irrigated
land:
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20 sq km (1997 est.)
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| Natural
hazards:
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occasional typhoons
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Environment - current issues:
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air and water pollution from rapid urbanization
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| Environment
- international agreements:
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party to: Marine Dumping (associate member), Ship Pollution
(associate member)
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| Geography
- note:
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more than 200 islands
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Population: |
7,210,505 (July 2001 est.)
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| Age
structure: |
0-14 years: 17.73% (male 677,785; female 600,781)
15-64 years: 71.52% (male 2,554,329; female 2,602,662)
65 years and over: 10.75% (male 354,199; female 420,749) (2001
est.)
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Population growth rate:
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1.3% (2001 est.)
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| Birth
rate: |
11.13 births/1,000 population (2001 est.)
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| Death
rate: |
6.02 deaths/1,000 population (2001 est.)
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| Net
migration rate: |
7.9 migrant(s)/1,000 population (2001 est.)
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| Sex
ratio: |
at birth: 1.07 male(s)/female
under 15 years: 1.13 male(s)/female
15-64 years: 0.98 male(s)/female
65 years and over: 0.84 male(s)/female
total population: 0.99 male(s)/female (2001 est.)
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| Infant
mortality rate: |
5.83 deaths/1,000 live births (2001 est.)
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| Life
expectancy at birth: |
total population: 79.67 years
male: 76.97 years
female: 82.55 years (2001 est.)
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| Total
fertility rate: |
1.29 children born/woman (2001 est.)
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| HIV/AIDS
- adult prevalence rate: |
0.06% (1999 est.)
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| HIV/AIDS
- people living with HIV/AIDS: |
2,500 (1999 est.)
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| HIV/AIDS
- deaths:
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less than 100 (1999 est.)
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Nationality: |
noun: Chinese
adjective: Chinese
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| Ethnic
groups:
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Chinese 95%, other 5%
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Religions:
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eclectic mixture of local religions 90%, Christian 10%
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Languages: |
Chinese (Cantonese), English; both are official
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| Literacy: |
definition: age 15 and over has ever attended school
total population: 92.2%
male: 96%
female: 88.2% (1996 est.)
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| Country
name:
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conventional long form: Hong Kong Special Administrative Region
conventional short form: Hong Kong
local long form: Xianggang Tebie Xingzhengqu
local short form: Xianggang
abbreviation: HK
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| Dependency
status:
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special administrative region of China
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Government type:
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NA
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Administrative divisions:
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none (special administrative region of China)
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Independence: |
none (special administrative region of China)
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| National
holiday: |
National Day (Anniversary of the Founding of the People's Republic of
China), 1 October (1949); note - 1 July 1997 is celebrated as Hong
Kong Special Administrative Region Establishment Day
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Constitution:
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Basic Law approved in March 1990 by China's National People's Congress
is Hong Kong's "mini-constitution"
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| Legal
system: |
based on English common law
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| Suffrage:
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direct election 18 years of age; universal for permanent residents
living in the territory of Hong Kong for the past seven years;
indirect election limited to about 100,000 members of functional
constituencies and an 800-member election committee drawn from broad
regional groupings, municipal organizations, and central government
bodies
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Executive branch:
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chief of state: President of China JIANG Zemin (since 27 March
1993)
head of government: Chief Executive TUNG Chee-hwa (since 1 July
1997)
cabinet: Executive Council consists of three ex-officio members
and 10 appointed members; ex-officio members are: Chief Secretary
Donald TSANG Yam-kuen (since 1 May 2001), Financial Secretary Antony
LEUNG (since 1 May 2001), and Secretary of Justice Elsie LEUNG (since
1 July 1997)
elections: NA
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Legislative branch: |
unicameral Legislative Council or LEGCO (60 seats; 30 indirectly
elected by functional constituencies, 24 elected by popular vote, and
6 elected by an 800-member election committee; members serve four-year
terms)
elections: last held 10 September 2000 (next to be held NA 2004)
election results: percent of vote by party - NA%; seats by party
- Democratic Party 12, Democratic Alliance for the Betterment of Hong
Kong 10, Liberal Party 7, Frontier Party 5, Hong Kong Progressive
Alliance 4, New Century Forum 2, Hong Kong Association for Democracy
and People's Livelihood 1, independents 19
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| Judicial
branch:
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The Court of Final Appeal in the Hong Kong Special Administrative
Region
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| Political
parties and leaders:
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Association for Democracy and People's Livelihood [Frederick FUNG Kin-kee,
chairman]; Citizens Party [leader NA]; Democratic Alliance for the
Betterment of Hong Kong [Jasper TSANG Yok-sing, chairman]; Democratic
Party [Martin LEE Chu-ming, chairman]; Frontier Party [Emily LAU
Wai-hing, chairwoman]; Hong Kong Association for Democracy and
People's Livelihood [leader NA]; Hong Kong Progressive Alliance
[Ambrose LAU Hon-chuen]; Liberal Party [James TIEN Pei-chun,
chairman]; New Century Forum [NQ Ching-fai, chairman]
note: political blocs include: pro-democracy - Association for
Democracy and People's Livelihood, Citizens Party, Democratic Party,
Frontier Party; pro-Beijing - Democratic Alliance for the Betterment
of Hong Kong, Hong Kong Progressive Alliance, Liberal Party, New
Century Forum
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| Political
pressure groups and leaders: |
Chinese General Chamber of Commerce (pro-China); Chinese
Manufacturers' Association of Hong Kong; Confederation of Trade Unions
(pro-democracy) [LAU Chin-shek, president; LEE Cheuk-yan, general secretary]; Federation of Hong Kong Industries; Federation of Trade
Unions (pro-China) [LEE Chark-tim, president]; Hong Kong Alliance in
Support of the Patriotic Democratic Movement in China [Szeto WAH,
chairman]; Hong Kong and Kowloon Trade Union Council (pro-Taiwan);
Hong Kong General Chamber of Commerce; Hong Kong Professional
Teachers' Union [CHEUNG Man-kwong, president]; Liberal Democratic
Federation [HU Fa-kuang, chairman]
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International organization participation: |
APEC, AsDB, BIS, CCC, ESCAP (associate), ICC, ICFTU, IMO (associate),
Interpol (subbureau), IOC, ISO (correspondent), WCL, WMO, WToO
(associate), WTrO
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Diplomatic representation in the US: |
none (special administrative region of China)
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Diplomatic representation from the US: |
chief of mission: Consul General Michael KLOSSON
consulate(s) general: 26 Garden Road, Hong Kong
mailing address: PSC 464, Box 30, FPO AP 96522-0002
telephone: [852] 2523-9011
FAX: [852] 2845-1598
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| Flag
description: |
red with a stylized, white, five-petal bauhinia flower in the center
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| Economy
- overview:
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Hong Kong has a bustling free market economy highly dependent on
international trade. Natural resources are limited, and food and raw
materials must be imported. Indeed, imports and exports, including
reexports, each exceed GDP in dollar value. Even before Hong Kong
reverted to Chinese administration on 1 July 1997 it had extensive
trade and investment ties with China. Per capita GDP compares with the
level in the four big countries of Western Europe. GDP growth averaged
a strong 5% in 1989-97. The widespread Asian economic difficulties in
1998 hit this trade-dependent economy quite hard, with GDP down 5%.
The economy is undergoing a rapid recovery, with growth of 10% in 2000
to be followed by projected growth of 5% in 2001.
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| GDP:
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purchasing power parity - $181 billion (2000 est.)
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| GDP -
real growth rate: |
10% (2000 est.)
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| GDP - per
capita: |
purchasing power parity - $25,400 (2000 est.)
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| GDP -
composition by sector: |
agriculture: 0.1%
industry: 14.3%
services: 85.6% (1999 est.)
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Population below poverty line: |
NA%
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| Household
income or consumption by percentage share: |
lowest 10%: NA%
highest 10%: NA%
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| Inflation
rate (consumer prices): |
3.7% (2000 est.)
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| Labor
force: |
3.39 million (2000 est.)
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| Labor
force - by occupation:
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wholesale and retail trade, restaurants, and hotels 31.5%, community
and social services 24%, financing, insurance, and real estate 14.5%,
transport and communications 11.6%, manufacturing 7.7%, construction
2.6% (October 1999)
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Unemployment rate: |
4.5% (2000 est.)
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| Budget:
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revenues: $20.8 billion
expenditures: $24.5 billion, including capital expenditures of
$NA (FY99/00)
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Industries: |
textiles, clothing, tourism, electronics, plastics, toys, watches,
clocks
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Industrial production growth rate:
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2.1% (2000)
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| Electricity
- production:
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27.726 billion kWh (1999)
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Electricity - production by source:
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fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1999)
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Electricity - consumption:
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32.202 billion kWh (1999)
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Electricity - exports: |
633 million kWh (1999)
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Electricity - imports: |
7.05 billion kWh (1999)
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Agriculture - products:
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fresh vegetables; poultry
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| Exports: |
$204 billion (including reexports; f.o.b., 2000 est.)
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| Exports -
commodities: |
clothing, textiles, footwear, electrical appliances, watches and
clocks, toys
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| Exports -
partners: |
China 33%, US 24%, Japan 5%, UK 4%, Germany, Singapore (1999)
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| Imports: |
$215 billion (f.o.b., 2000)
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| Imports -
commodities: |
foodstuffs, transport equipment, raw materials, semimanufactures,
petroleum; a large share is reexported
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| Imports -
partners: |
China 44%, Japan 12%, US 7%, Taiwan 7%, South Korea, Singapore (1999)
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| Debt -
external: |
$48.1 billion (1999)
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| Currency:
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Hong Kong dollar (HKD)
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| Currency
code: |
HKD
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| Exchange
rates:
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Hong Kong dollars per US dollar - 7.7990 (January 2001), 7.7912
(2000), 7.7575 (1999), 7.7453 (1998), 7.7421 (1997), 7.7343 (1996);
note - Hong Kong became a special administrative region of China on 1
July 1997; before then, the Hong Kong dollar was linked to the US
dollar at the rate of about 7.8 Hong Kong dollars per US dollar
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| Fiscal
year: |
1 April - 31 March
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Telephones - main lines in use:
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3.839 million (1999)
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Telephones - mobile cellular: |
3.7 million (December 1999)
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Telephone system: |
general assessment: modern facilities provide excellent domestic
and international services
domestic: microwave radio relay links and extensive fiber-optic
network
international: satellite earth stations - 3 Intelsat (1 Pacific
Ocean and 2 Indian Ocean); coaxial cable to Guangzhou, China; access
to 5 international submarine cables providing connections to ASEAN
member nations, Japan, Taiwan, Australia, Middle East, and Western
Europe
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| Radio
broadcast stations: |
AM 7, FM 13, shortwave 0 (1998)
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| Radios: |
4.45 million (1997)
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Television broadcast stations: |
4 (plus two repeaters) (1997)
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Televisions: |
1.84 million (1997)
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| Internet
country code: |
.hk
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| Internet
Service Providers (ISPs): |
17 (2000)
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| Internet
users: |
1.85 million (2000)
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| Railways:
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total: 34 km
standard gauge: 34 km 1.435-m gauge (electrified and
double-track)
note: connects to China railway system at Hong Kong-China border
(2001)
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| Highways: |
total: 1,831 km
paved: 1,831 km
unpaved: 0 km (1997)
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Waterways: |
none
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| Ports and
harbors: |
Hong Kong
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| Merchant
marine: |
total: 354 ships (1,000 GRT or over) totaling 10,330,662 GRT/17,227,315
DWT
ships by type: barge carrier 1, bulk 208, cargo 36, chemical
tanker 7, combination bulk 2, container 59, liquefied gas 6,
multi-functional large-load carrier 2, petroleum tanker 26,
refrigerated cargo 3, short-sea passenger 1, vehicle carrier 3
note: includes some foreign-owned ships registered here as a
flag of convenience: Bermuda 2, Belgium 1, Canada 2, China 9, Japan 3,
Mongolia 1, Norway 1, South Africa 1, UK 7 (2000 est.)
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| Airports: |
3 (2000 est.)
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| Airports -
with paved runways: |
total: 3
over 3,047 m: 2
1,524 to 2,437 m: 1 (2000 est.)
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| Heliports: |
2 (2000 est.)
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| Military
branches: |
Hong Kong garrison of China's People's Liberation Army (PLA) including
elements of the PLA Ground Forces, PLA Navy, and PLA Air Force; these
forces are under the direct leadership of the Central Military
Commission in Beijing and under administrative control of the adjacent
Guangzhou Military Region
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| Military
manpower - military age: |
18 years of age
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| Military
manpower - availability: |
males age 15-49: 2,020,937 (2001 est.)
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| Military
manpower - fit for military service: |
males age 15-49: 1,520,531 (2001 est.)
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| Military
manpower - reaching military age annually: |
males: 47,139 (2001 est.)
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| Military
expenditures - dollar figure: |
$NA; note - separate budget for Hong Kong not established by China
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| Military
expenditures - percent of GDP: |
NA%
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| Military -
note: |
defense is the responsibility of China
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| Disputes
- international: |
none
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| Illicit
drugs: |
a hub for Southeast Asian heroin and regional stimulants trade;
transshipment and money-laundering center; increasing indigenous
amphetamine abuse
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