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  2. Hong Kong's gross domestic product had grown 180 times between 1961 and 1997. Also, the GDP per capita rose by 87 times within the same time frame. Its economy is slightly larger than Chile 's or Romania 's and its GDP per capita at purchasing power parity was the twelfth highest globally in 2023.
    en.wikipedia.org/wiki/Economy_of_Hong_Kong
    en.wikipedia.org/wiki/Economy_of_Hong_Kong
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  3. People also ask
    How has Hong Kong been transformed?All around them, a city has been transformed: by the dizzying economic expansion of mainland China threatening to make this international entrepôt unnecessary, but also by the crushing of freedoms by Hong Kong’s current rulers, who have filled jails with young political prisoners.
    How has Hong Kong changed over the past 5 years?During the past 5 years the Hong Kong economy has begun evolving in an entirely new way because of new economic links with China. The most remarkable change about Hong Kong is that, as a functional economic region, it now extends well into South China. No longer is Hong Kong simply a city-nation economy.
    Why is Hong Kong transforming into a new city?The city’s transformation is being driven by a national security law imposed by Beijing in 2020 and additional legislation passed by Hong Kong lawmakers in March. Both have dealt a blow to the partial autonomy promised by China when it took possession of the city from Britain nearly three decades ago.
    How did China contribute to Hong Kong's Economic Transformation?China had abundant land and labor resources, but still lacked well-functioning transportation, telecommunications, and financial sectors. These complementary factor endowments were the impetus for much closer economic integration and the main force behind Hong Kong’s remarkable structural transformation.
     
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