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The official name of Hong Kong is the Hong Kong Special Administrative Region of the People's Republic of China. Located in eastern Asia, Hong Kong is southeast of China, also known as the People’s Republic of China. Hong Kong shares borders with more than one significant body of water as well as well as China. It is a commercial complex including five office towers which have a shopping centre, office buildings, a hotel and a ferry terminal in Tsim Sha Tsui, Kowloon, Hong Kong. It is situated along Canton Road, next to The Gateway and the Tsim Sha Tsui Fire Station. The complex is managed by Sino Group.
The Government of the Hong Kong Special Administrative Region of the People's Republic of China, commonly known as the Hong Kong Government or HKSAR Government, refers to the executive authorities of Hong Kong SAR. It was formed in July 1997 in accordance with the Sino-British Joint Declaration of 1983, an international treaty lodged at the United Nations. This government replaced the former British Hong Kong Government (1842–1997). The Chief Executive also nominates principal officials for appointment by the State Council of the People's Republic of China (Central People's Government). The Government Secretariat is headed by the Chief Secretary of Hong Kong, who is the most senior principal official of the Government. The Chief Secretary and the other secretaries jointly oversee the administration of the SAR, give advice to the Chief Executive as members of the Executive Council, and are accountable for their actions and policies to the Chief Executive and the Legislative Council.
Back in 1993, Hong Kong's economy was more than a quarter the size of China's. It had a GDP of $120 billion, more than many industrialized nations, while Chinese GDP was approximately $445 billion, according to the World Bank. Fast forward to 2018 and the emergence of megacities such as Chongqing, Shanghai, Shenzhen, Beijing, Chengdu and Harbin has powered the country's GDP to $13.6 trillion. While Hong Kong remains a key Asian economic powerhouse, its GDP now stands at just 2.7% of China's - $364 billion. Currently, the pace of Chinese economic growth is slackening which has caused Hong Kong's economy to stutter and that has been exacerbated by the protests which have paralyzed the city. Retail sales and tourism numbers have declined while there are fears of a recession occurring in the next quarter.
Despite the economic eclipse, a move to deploy the PLA on the streets of Hong Kong would be risky for China. Many observers believe such a crackdown would cause the city's stock market and housing sector to crash. That would in turn prompt an exodus, sending economic aftershocks rippling through the mainland at a time when the Chinese economy is vulnerable due to the ongoing trade war with the United States. A crackdown would also result in immense diplomatic fallout, given Hong Kong's large expatriate population and status as a global financial hub. As the military buildup continues, the stakes are unimaginably high.
Hong Kong has a superb infrastructure, which meets its population's needs and contributes to the efficiency and growth of the economy. Hong Kong has an advanced land, sea, and air transport and communications system. With over 7.4 million inhabiting a land area of just 1,073 square kilometers, Hong Kong is one of the world’s most densely populated cities, each square kilometer accommodating over 6,800 citizens on average. Meeting the needs for mobility, economic productivity, livability and sustainability has propelled the city to envision and realize infrastructure feats, garnering it international recognition, such as World No.1 for infrastructure competitiveness in the World Economic Forum’s Global Competitiveness Report 2017 - 2018. With forecasted population growth in the next decades, addressing infrastructure demands will be the biggest challenge. Despite its lauded public transportation system, travel is becoming increasingly stressful. With nearly all of Hong Kong's easily available land already used, providing future capacity necessitates a rethink of the urban ecosystem. And against a backdrop of climate, technological, and geopolitical changes, our research reveals that many feel uncertain about the city’s resiliency.