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As one of the world's leading international financial centres, Hong Kong's service-oriented economy is characterized by its low taxation, almost free port trade and well established international financial market.[13] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks,[14] and pegged to the US dollar.[15][16] Interest rates are determined by the individual banks in Hong Kong to ensure it is fully market-driven.[17] There is no officially recognised central banking system, although Hong Kong Monetary Authority functions as a financial regulatory authority.[18][19]
According to Index of Economic Freedom,[23] Hong Kong has had the highest degree of economic freedom in the world since the inception of the Index in 1995. Its economy is governed under positive non-interventionism, and is highly dependent on international trade and finance. In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the global financial turmoil. The 2017 version of the Economic Freedom of the World Index lists Hong Kong as the number one nation, with a score of 8.97.
Hong Kong's economic strengths include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves at around US $408 billion as of mid-2017, rigorous anti-corruption measures and close ties with the mainland China. Despite the downturn, these strengths enable it to quickly respond to changing circumstances.[24] It has the most efficient and a corruption-free application procedure, the lowest income tax, the lowest corporate tax as well as an abundant and sustainable government finance. The government of Hong Kong consistently upheld the policy of encouraging and supporting activities of private businesses
Economy of Hong Kong
Although the city boasts one of the highest per capita incomes in the world, it suffers from severe income inequality.[25]
Hong Kong has the highest statistical income gap in the Asia-Pacific region.
There were 908 homeless persons registered with the Social Welfare Department by the end of 2016
According to UN estimates, Hong Kong has one of the longest life expectancies of any country or territory in the world.[28]
Hong Kong
I don't see the World through the lens of Trump. So a lot of what you say doesn't have much context for me.
My metric for if the World is getting better or worse is measured by the number of babies being born. As long as women continue to make love all is good in the World.