Inside the 1950s, Hong Kong turned the very first of your Four Asian Tiger economies to undertake swift industrialisation pushed by textile exports, producing industries, and re-exports of products to China. Because the populace grew, with labour charges remaining reduced, living benchmarks began to rise steadily.
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[seventy eight] The establishment of your Individuals's Republic of China caused the British colonial government to rethink Hong Kong's open up border to mainland China. In 1951, a boundary zone was demarcated like a buffer zone towards opportunity navy attacks from communist China.[seventy nine] The border was actively patrolled to control the movement of men and women and merchandise into and out of your territory.
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 An analogous financial partnership arrangement with Macau also particulars liberalisation of trade and deregulation of the movement of products and solutions among the two Specific administrative locations. Cross-strait relations with Taiwan falls underneath the purview from the Hong Kong–Taiwan Economic and Cultural Co-Procedure and Advertising Council.
Even though the Basic Legislation lays the foundation click here to the regional governing administration, a number of its article content demand extra particular laws to be adopted just before implementation. Posting 23 offers for legislation that prohibit treason and subversion in the territory, as well as a Monthly bill was drafted in 2003 pursuant to this constitutional requirement.
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The approaching retrocession of the colony to China activated a wave of mass emigration. Inhabitants in the course of the transitional period were being apprehensive about lifestyle following the transfer of sovereignty and feared an erosion of civil rights and personal liberties along with the integrity of your authorized program, in addition to an All round reduction in Standard of living put up-handover.