In 1841, Hong Kong became a British Crown colony when it was acquired from China. In 1984, Britain and China signed an agreement which stated Hong Kong would return to China, but that it would maintain in its capitalist system for 50 years. This transfer took place during on June 30, 1997 under great pomp and ceremony. Its enormous harbor, vast industrialization and free port status make it a major Asian crossroad, and perhaps the best place to shop in the world.
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