China is an East Asian country and the world’s most populous. It is governed by the Communist Party of China, which has jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities, and the SARs of Hong Kong and Macau.
Its economy is the second-largest worldwide after the United States. It built its economy on massive industry development, ramping up its industrial and service output over the years.
China agreed to govern Hong Kong under the principle of “one country, two systems,” where the city would enjoy “a high degree of autonomy, except in foreign and defense affairs” for 50 years. As a result, Hong Kong has its legal system, and rights, including freedom of assembly and free speech, are protected. But it governs itself and maintains many independent systems.
What is Business Landscape?
A business landscape is a commercial activity or dealings, or an area that is specifically designated and landscaped to accommodate business offices, warehouses, and light industry.
Changing Business Landscape in Hong Kong
Over the years, Hong Kong has experienced a shift in its business environment. Innovations and technologies currently emerging in Hong Kong may set new standards. The coronavirus crisis and political factors may also contribute to this change.