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How Did Hongkong Become So Successful? - Education - Nairaland

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How Did Hongkong Become So Successful? by Raydos: 11:59am On Dec 13, 2020
Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world's most significant financial centres and commercial ports. It is the world's tenth-largest exporter and ninth-largest importer. Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and its currency, the Hong Kong dollar, is the eighth most traded currency in the world.

Hong Kong is home to the second-highest number of billionaires of any city in the world, the highest number of billionaires of any city in Asia, and the largest concentration of ultra high-net-worth individuals of any city in the world. the city has one of the highest per capita incomes in the world

Hong Kong is a highly developed territory and ranks fourth on the UN Human Development Index. The city has the largest number of skyscrapers of any city in the world, and its residents have some of the highest life expectancies in the world. The dense space led to a developed transportation network with public transport rates exceeding 90 percent.

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Re: How Did Hongkong Become So Successful? by Raydos: 12:02pm On Dec 13, 2020
Hong Kong has a capitalist mixed service economy, characterised by low taxation, minimal government market intervention, and an established international financial market. It is the world's 35th-largest economy, with a nominal GDP of approximately US$373 billion. Although Hong Kong's economy has ranked at the top of the Heritage Foundation's economic freedom index since 1995, the territory has a relatively high level of income disparity. The Hong Kong Stock Exchange is the seventh-largest in the world, with a market capitalisation of HK$30.4 trillion (US$3.87 trillion) as of December 2018.

Hong Kong is the tenth-largest trading entity in exports and imports (2017), trading more goods in value than its gross domestic product.

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Re: How Did Hongkong Become So Successful? by Raydos: 12:08pm On Dec 13, 2020
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of "one country, two systems".

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Re: How Did Hongkong Become So Successful? by Raydos: 12:14pm On Dec 13, 2020
the region maintains a regulated border with the rest of the China. All travellers between Hong Kong and China and Macau must pass through border controls, regardless of nationality. Mainland Chinese citizens do not have right of abode in Hong Kong and are subject to immigration controls.

Hong Kong has the world's largest number of skyscrapers, with 317 towers taller than 150 metres (490 ft), and the third-largest number of high-rise buildings in the world. The lack of available space restricted development to high-density residential tenements and commercial complexes packed closely together on buildable land. Single-family detached homes are extremely rare and generally only found in outlying areas.

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Re: How Did Hongkong Become So Successful? by onward4life(m): 12:14pm On Dec 13, 2020
Raydos:
Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world's most significant financial centres and commercial ports. It is the world's tenth-largest exporter and ninth-largest importer. Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and its currency, the Hong Kong dollar, is the eighth most traded currency in the world.


Because they never gave vuhari a chance!!!!

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Re: How Did Hongkong Become So Successful? by Raydos: 12:17pm On Dec 13, 2020
Hongkong is a beauty

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Re: How Did Hongkong Become So Successful? by Raydos: 12:19pm On Dec 13, 2020
Hong

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Re: How Did Hongkong Become So Successful? by Raydos: 12:23pm On Dec 13, 2020
onward4life:


Because they never gave vuhari a chance!!!!

Is Buhari the one ruling other Africa countries too?

It's just a black man problem jare!!

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Re: How Did Hongkong Become So Successful? by Raydos: 12:26pm On Dec 13, 2020
Hongkong aerial view, Day and Night

Re: How Did Hongkong Become So Successful? by Raydos: 12:28pm On Dec 13, 2020
More

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Re: How Did Hongkong Become So Successful? by Raydos: 12:30pm On Dec 13, 2020
Hongkong remains the most successful british colony ever!!

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Re: How Did Hongkong Become So Successful? by Raydos: 12:31pm On Dec 13, 2020
Bruce Lee is one of the famous people from Hongkong, and he has his statue erected In "Avenue Of Stars" in honour of him

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Re: How Did Hongkong Become So Successful? by Raydos: 12:32pm On Dec 13, 2020
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Re: How Did Hongkong Become So Successful? by Raydos: 12:35pm On Dec 13, 2020
More hongkong

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Re: How Did Hongkong Become So Successful? by Raydos: 12:36pm On Dec 13, 2020
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Re: How Did Hongkong Become So Successful? by Kennyswag: 12:37pm On Dec 13, 2020
Raydos:
More
what about your caribbean beauty thread? grin
Re: How Did Hongkong Become So Successful? by Raydos: 12:38pm On Dec 13, 2020
Kong

Re: How Did Hongkong Become So Successful? by Raydos: 12:39pm On Dec 13, 2020
Kennyswag:
what about your caribbean beauty thread? grin

I abandoned it cos I ain't getting comments,

Do you want me to continue?

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Re: How Did Hongkong Become So Successful? by Raydos: 12:40pm On Dec 13, 2020
Ko

Re: How Did Hongkong Become So Successful? by Raydos: 12:42pm On Dec 13, 2020
A recent protest in Hongkong

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Re: How Did Hongkong Become So Successful? by Raydos: 12:44pm On Dec 13, 2020
Mlre

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Re: How Did Hongkong Become So Successful? by Kennyswag: 12:54pm On Dec 13, 2020
Raydos:


I abandoned it cos I ain't getting comments,

Do you want me to continue?
yes... I want to see the infrastructure they have.. if it is better than Africa

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Re: How Did Hongkong Become So Successful? by onward4life(m): 12:59pm On Dec 13, 2020
Raydos:


Is Buhari the one ruling other Africa countries too?

It's just a black man problem jare!!

But some are more blacker than others

If Yu go ethiopia yu go jealous them!
Re: How Did Hongkong Become So Successful? by Twizzy30(m): 1:44pm On Dec 13, 2020
Raydos:


Is Buhari the one ruling other Africa countries too?

It's just a black man problem jare!!
i feel we need to acknowledge we have a big problem and maybe call these guys to come help us (British)

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Re: How Did Hongkong Become So Successful? by Onyenna(m): 2:00pm On Dec 13, 2020
Mind blowing!!!!!

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Re: How Did Hongkong Become So Successful? by owobokiri(m): 2:09pm On Dec 13, 2020
The west built up Hong Kong as both political and economic counterweight to communist China...Hong Kong was supposed to be this tiny capitalist bastion near a Communist behemoth... The western experiment worked in somewsys and failed in other ways.... Worked, in the sense that mainland Chinese realizing how progressive and bouyant the capitalist HK and the Asian tigers were then, started a series of protests which culminated into the liberalisation of the economy after the 'Tianamen riots', essentially creating the new capitalist China...

Failed, in the sense that mainland China realising that it has to quickly adapt free market practices to survive, meticulously planned her way into capitalism without allowing the kind of confusion and disorder of perestroika in the former USSR which eventually led to the collapse of the Soviet Union to happen in china .. The west actually hoped for such confusions.. Hong Kong essentially is a typical example of colonialism with human face.. Not the type in Africa that was riddled with racism and cultural chauvinism..

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Re: How Did Hongkong Become So Successful? by Raydos: 2:28pm On Dec 13, 2020
owobokiri:
The west built up Hong Kong


You can't deny the intelligence and hardwork of the Hongkongers too

South africa was also built by the west too, But Has anything really changed?? NO

Hongkong were fast enough to quickly learn from the west and built themselves a haven, They are one of the highest exporters in the world, Best city, High standard of living, High number of billionaires

Just name it!!

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Re: How Did Hongkong Become So Successful? by Raydos: 2:34pm On Dec 13, 2020
Twizzy30:
i feel we need to acknowledge we have a big problem and maybe call these guys to come help us (British)


We don't need to ask for their help, All we need Is a visionary leader who is into science/Tech or Probably school abroad to transform the country!!

Until we start building our own Skyscraper, Constructing our own Bridges, Making our own smartphones and gadgets by ourselves, Nothing will ever change!!

Science is the only thing that can make Africa rich and elevate our standard of living, Take Elon musk and Bill gate for example, this two individuals alone are richer than 80% of african countries, China is great today because their Government invested in Science, They're the ones building everything in their country without the help of the West!!

But in Africa, we only consume without making anything, and we wonder why we're poor!

Until we have leaders who will look into science, Nothing will ever change in Africa, we will always be Poor!!

15 Likes 3 Shares

Re: How Did Hongkong Become So Successful? by lkillbrokehoes: 2:48pm On Dec 13, 2020
Hong Kong of my dreams
Re: How Did Hongkong Become So Successful? by unity004(m): 2:58pm On Dec 13, 2020
grin
Raydos:
More
. Omo see city like motherboard of electronics

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Re: How Did Hongkong Become So Successful? by Vexedkid(m): 3:06pm On Dec 13, 2020
Give Buhari 2 weeks he will underdevelop hongkong, hungerkung will be their new name and China herdsmen will be the new order of the day

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