_#_Diplomatic representation: as a dependent territory of the UK, the interests of Hong Kong in the US are represented by the UK;
US—Consul General Richard L. WILLIAMS; Consulate General at 26 Garden Road, Hong Kong (mailing address is Box 30, Hong Kong, or FPO San Francisco 96659-0002); telephone [852] (5) 845-1598
_#_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 with few tariffs or nontariff barriers. Natural resources are limited, and food and raw materials must be imported. Manufacturing accounts for about 18% of GDP, employs 28% of the labor force, and exports about 90% of its output. Real GDP growth averaged a remarkable 8% in 1987-88, then slowed to 2.5-3.0% in 1989-90. 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 1989-90 casts a long shadow over the longer term economic outlook.
_#_GDP: $64.0 billion, per capita $11,000; real growth rate 2.5% (1990)
_#_Inflation rate (consumer prices): 9.8% (1990)
_#_Unemployment rate: 1.8% (1990)
_#_Budget: $8.8 billion (FY90)
_#_Exports: $80.3 billion (f.o.b., 1990), including reexports of $51.2 billion;
commodities—clothing, textile yarn and fabric, footwear, electrical appliances, watches and clocks, toys;