Political parties and leaders:
Association for Democracy and People's Livelihood or ADPL
[Frederick FUNG Kin-kee, chairman]; Citizens Party [Alex CHAN
Kai-chung]; Democratic Alliance for the Betterment of Hong Kong or
DAB [MA Lik, chairman]; Democratic Party [LEE Wing-tat, chairman];
Frontier Party [Emily LAU Wai-hing, chairwoman]; Liberal Party
[James TIEN Pei-chun, chairman]
note: political blocs include: pro-democracy - Association for
Democracy and People's Livelihood, Democratic Party, Frontier Party;
pro-Beijing - Democratic Alliance for the Betterment of Hong Kong,
Hong Kong Progressive Alliance, Liberal Party
Political pressure groups and leaders:
Chinese General Chamber of Commerce (pro-China); Chinese
Manufacturers' Association of Hong Kong; Confederation of Trade
Unions or CTU (pro-democracy) [LAU Chin-shek, president; LEE
Cheuk-yan, general secretary]; Federation of Hong Kong Industries;
Federation of Trade Unions or FTU (pro-China) [CHENG Yiu-tong,
executive councilor]; Hong Kong Alliance in Support of the Patriotic
Democratic Movement in China [Szeto WAH, chairman]; Hong Kong and
Kowloon Trade Union Council (pro-Taiwan); Hong Kong General Chamber
of Commerce; Hong Kong Professional Teachers' Union [CHEUNG
Man-kwong, president]; Neighborhood and Workers' Service Center or
NWSC (pro-democracy); The Alliance [Bernard CHAN, exco member]
International organization participation: APEC, AsDB, BIS, ICC, ICFTU, IHO, IMF, IMO (associate), Interpol (subbureau), IOC, ISO (correspondent), UPU, WCL, WCO, WMO, WToO (associate), WTO
Diplomatic representation in the US: none (special administrative region of China)
Diplomatic representation from the US: chief of mission: Consul General James B. CUNNINGHAM consulate(s) general: 26 Garden Road, Hong Kong mailing address: PSC 461, Box 1, FPO AP 96521-0006 telephone: [852] 2523-9011 FAX: [852] 2524-0860
Flag description: red with a stylized, white, five-petal bauhinia flower in the center
Economy Hong Kong
Economy - overview:
Hong Kong has a free market, entrepot economy, highly dependent on
international trade. Natural resources are limited, and food and raw
materials must be imported. Gross imports and exports (i.e.,
including reexports to and from third countries) each exceed GDP in
dollar value. Even before Hong Kong reverted to Chinese
administration on 1 July 1997, it had extensive trade and investment
ties with China. Hong Kong has been further integrating its economy
with China because China's growing openness to the world economy has
made manufacturing in China much more cost effective. Hong Kong's
reexport business to and from China is a major driver of growth. Per
capita GDP is comparable to that of the four big economies of
Western Europe. GDP growth averaged a strong 5% from 1989 to 1997,
but Hong Kong suffered two recessions in the past six years because
of the Asian financial crisis in 1998 and the global downturn in
2001 and 2002. Although the Severe Acute Respiratory Syndrome (SARS)
outbreak also battered Hong Kong's economy, a boom in tourism from
the mainland because of China's easing of travel restrictions, a
return of consumer confidence, and a solid rise in exports resulted
in the resumption of strong growth in late 2003 and in 2004.
GDP (purchasing power parity):
$234.5 billion (2004 est.)
GDP - real growth rate:
7.9% (2004 est.)