Economy
The stability, security, and predictability of British law and government enabled Hong Kong to flourish as a centre for international trade. In the colony's first decade, the revenue from the opium trade was a key source of government funds. The importance of opium reduced over time, but the colonial government were dependent on its revenues until the Japanese occupation in 1941. Although the largest businesses in the early colony were operated by British, American, and other expatriates, Chinese workers provided the bulk of the manpower to build a new port city.
By the late 1980s, many ethnic Chinese people had become major business figures in Hong Kong. Amongst these billionaires was Sir Ka-shing Li, who had become one of the colony's wealthiest people by this time.
Read more about this topic: British Hong Kong
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)