f Hong Kong,
Hong Kong Progressive Alliance, Liberal Party

Political pressure groups and leaders:
Chinese General Chamber of Commerce (pro-China); Chinese
Manufacturers' Association of Hong Kong; Confederation of Trade
Unions or CTU (pro-democracy) [LAU Chin-shek, president; LEE
Cheuk-yan, general secretary]; Federation of Hong Kong Industries;
Federation of Trade Unions or FTU (pro-China) [CHENG Yiu-tong,
executive councilor]; Hong Kong Alliance in Support of the Patriotic
Democratic Movement in China [Szeto WAH, chairman]; Hong Kong and
Kowloon Trade Union Council (pro-Taiwan); Hong Kong General Chamber
of Commerce; Hong Kong Professional Teachers' Union [CHEUNG
Man-kwong, president]; Neighborhood and Workers' Service Center or
NWSC (pro-democracy); The Alliance [Bernard CHAN, exco member]

International organization participation:
APEC, AsDB, BIS, ICC, ICFTU, IHO, IMF, IMO (associate), Interpol
(subbureau), IOC, ISO (correspondent), UPU, WCL, WCO, WMO, WToO
(associate), WTO

Diplomatic representation in the US:
none (special administrative region of China)

Diplomatic representation from the US:
chief of mission: Consul General James B. CUNNINGHAM
consulate(s) general: 26 Garden Road, Hong Kong
mailing address: PSC 461, Box 1, FPO AP 96521-0006
telephone: [852] 2523-9011
FAX: [852] 2524-0860

Flag description:
red with a stylized, white, five-petal bauhinia flower in the center

Economy Hong Kong

Economy - overview:
Hong Kong has a free market, entrepot economy, highly dependent on
international trade. Natural resources are limited, and food and raw
materials must be imported. Gross imports and exports (i.e.,
including reexports to and from third countries) each exceed GDP in
dollar value. Even before Hong Kong reverted to Chinese
administration on 1 July 1997, it had extensive trade and investment
ties with China. Hong Kong has been further integrating its economy
with China because China's growing openness to the world economy has
made manufacturing in China much more cost effective. Hong Kong's
reexport business to and from China is a major driver of growth. Per
capita GDP is comparable to that of the four big economies of
Western Europe. GDP growth averaged a strong 5% from 1989 to 1997,
but Hong Kong suffered two recessions in the past six years because
of the Asian financial crisis in 1998 and the global downturn in
2001