Religion: 90% eclectic mixture of local religions, 10% Christian
Language: Chinese (Cantonese), English
Literacy: 75%
Labor force: 2,640,000; 35.8% manufacturing; 22.7% wholesale and retail trade, restaurants and hotel, 17.1% services, 7.5% construction, 8.4% transport and communications, 6.1% financing, insurance, and real estate (1986)
Organized labor: 15% of labor force (1986)
Government
Long-form name: none; abbreviated HK
Type: colony of the UK; scheduled to revert to China in 1997
Capital: Victoria
Administrative divisions: none (colony of the UK)
Independence: none (colony of the UK); the UK signed an agreement with China on 19 December 1984 to return Hong Kong to China on 1 July 1997; in the joint declaration, China promises to respect Hong Kong's existing social and economic systems and lifestyle for 50 years after transition
Constitution: unwritten; partly statutes, partly common law and practice
Legal system: based on English common law
National holiday: Liberation Day, 29 August (1945)
Executive branch: British monarch, governor, chief secretary of the Executive Council
Legislative branch: Legislative Council
Judicial branch: Supreme Court
Leaders: Chief of State—Queen ELIZABETH II (since 6 February 1952);
Head of Government—Governor Sir David Clive WILSON (since 9 April 1987); Chief Secretary Sir David Robert FORD (since NA February 1987)
Political parties: none
Suffrage: limited to about 71,000 professionals of electoral college and functional constituencies
Elections: Legislative Council—indirect elections last held 26 September 1985 (next to be held in September 1991); seats—(58 total; 26 elected, 32 appointed)
Communists: 5,000 (est.) cadres affiliated with Communist Party of China
Other political or pressure groups: Federation of Trade Unions (Communist controlled), Hong Kong and Kowloon Trade Union Council (Nationalist Chinese dominated), Hong Kong General Chamber of Commerce, Chinese General Chamber of Commerce (Communist controlled), Federation of Hong Kong Industries, Chinese Manufacturers' Association of Hong Kong, Hong Kong Professional Teachers' Union, and several small pro-democracy groups.
Member of: ADB, ESCAP (associate member), GATT, IMO, INTERPOL, Multifiber Arrangement, WMO
Diplomatic representation: as a British colony, the interests of Hong Kong in the US are represented by the UK; US—Consul General Donald M. ANDERSON; Consulate General at 26 Garden Road, Hong Kong (mailing address is Box 30, Hong Kong, or FPO San Francisco 96659-0002); telephone [852](5) 239011
Flag: blue with the flag of the UK in the upper hoist-side quadrant with the Hong Kong coat of arms on a white disk centered on the outer half of the flag; the coat of arms contains a shield (bearing two junks below a crown) held by a lion (representing the UK) and a dragon (representing China) with another lion above the shield and a banner bearing the words HONG KONG below the shield
Economy
Overview: Hong Kong has a free-market
economy and is autonomous in financial
affairs. Natural resources are limited and
food and raw materials must be imported.
Manufacturing is the backbone of the
economy, accounting for more than 20%
of GDP, employing 36% of the labor
force, and exporting about 90% of output.
Real GDP growth averaged a remakarble
8% in 1987-88, then slowed to a respectable
3% in 1989. Unemployment, which
has been declining since the mid-1980s, is
now less than 2%. A shortage of labor
continues to put upward pressure on prices
and the cost of living. Short-term
prospects remain solid so long as major trading
partners continue to be prosperous.
The crackdown in China in 1989 casts a
long shadow over the longer term
economic outlook.
GDP: $57 billion, per capita $10,000; real growth rate 3% (1989)
Inflation rate (consumer prices): 9.5% (1989)
Unemployment rate: 1.6% (1988)
Budget: $6.9 billion (FY89)
Exports: $63.2 billion (f.o.b., 1988), including reexports of $22.9 billion; commodities—clothing, textile yarn and fabric, footwear, electrical appliances, watches and clocks, toys; partners—US 31%, China 14%, FRG 8%, UK 6%, Japan 5%
Imports: $63.9 billion (c.i.f., 1988); commodities—foodstuffs, transport equipment, raw materials, semimanufactures, petroleum; partners—China 31%, Japan 20%, Taiwan 9%, US 8%
External debt: $9.6 billion (December 1988)
Industrial production: growth rate 7.0% (1988)
Electricity: 7,800,000 kW capacity; 23,000 million kWh produced, 4,030 kWh per capita (1989)
Industries: textiles, clothing, tourism, electronics, plastics, toys, watches, clocks
Agriculture: minor role in the economy; rice, vegetables, dairy products; less than 20% self-sufficient; shortages of rice, wheat, water
Aid: US commitments, including Ex-Im (FY70-87), $141.2 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $899.8 million
Currency: Hong Kong dollar (plural—dollars); 1 Hong Kong dollar (HK$) = 100 cents
Exchange rates: Hong Kong dollars (HK$) per US$—7.800 (March 1989), 7.810 (1988), 7.760 (1987), 7.795 (1986), 7.811 (1985); note—linked to the US dollar at the rate of about 7.8 HK$ per 1 US$ since 1985
Fiscal year: 1 April-31 March
Communications
Railroads: 35 km 1.435-meter standard
gauge, government owned
Highways: 1,100 km total; 794 km paved, 306 km gravel, crushed stone, or earth
Ports: Hong Kong
Merchant marine: 134 ships (1,000 GRT or over), totaling 4,391,102 GRT/7,430,337 DWT; includes 1 passenger, 1 short-sea passenger, 11 cargo, 1 refrigerated cargo, 13 container, 2 roll-on/roll-off cargo, 10 petroleum, oils, and lubricants (POL) tanker, 1 chemical tanker, 9 combination ore/oil, 7 liquefied gas, 69 bulk; note—a flag of convenience registry; ships registered in Hong Kong fly the UK flag and an estimated 500 Hong Kong-owned ships are registered elsewhere
Civil air: 16 major transport aircraft
Airports: 2 total; 2 usable; 2 with permanent-surface runways; none with runways over 3,659 m; 1 with runways 2,440-3,659 m; none with runways 1,220-2,439 m
Telecommunications: modern facilities provide excellent domestic and international services; 2,300,000 telephones; microwave transmission links and extensive optical fiber transmission network; stations—6 AM, 6 FM, 4 TV; 1 British Broadcasting Corporation (BBC) relay station and 1 British Forces Broadcasting Service relay station; 2,500,000 radio receivers; 1,312,000 TV sets (1,224,000 color TV sets); satellite earth stations—1 Pacific Ocean INTELSAT and 2 Indian Ocean INTELSAT; coaxial cable to Guangzhou,
