Why would a communist country want to have a capitalist country?Well I think it is because Hong Kong has a lot of money, because they are one of the major trade centers of the world.Another reason is that Hong Kong was a part of China until 1842 when the British defeated China in thefirst Opium War and took possession of Hong Kong. In this report I will be talking about how the Communist Chinese government regained possession of Hong Kong, a capitalist Colony, after 156 years of British rule.I also will be talking about the history and living conditions of the people of Hong Kong.I will be discussing the Hong Kong government before and after the take over.Another point that I will be talking about is how the economy was impacted by the takeover.
I will be discussing the religions of Hong Kong and the affect the takeover will have on them.Another thing that I will be talking about is how the balance of power in the world will be effected, what overall effect might be, and what global changes may occur. Hong Kong was originally part of China, but was taken and colonized by the British in thefirst Opium War in 1842.Later, in 1856-1860, the British won the Kowloon peninsula in the second Opium War.
About 90 years later, communist took control of the Chinese government.Many people in China did not like this, so they fled to Hong Kong.As a result of so many people relocating to Hong Kong, the colony became a low-income manufacturing colony.As years went by, the manufacturing industry became larger and larger. By 1980 the Hong Kong colony had become the largest trading center in Southeast Asia. In 1982, I guess Great Britain decided to be nice and promised to return the island to China when the 99 year lease on the new territories ran out.But Britain wasn't just going to let the colony go that easily.They had China sign a joint Declaration, which stated that Ho.