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  • Marines push into a cauldron of resentment
    By Carlotta Gall NY TIMES NEWS SERVICE, LASHKAR GAH, Afghanistan Saturday, Jul 04, 2009, Page 16 The mood of the Afghan people has tipped into a popular revolt in some parts of southern Afghanistan, presenting incoming US forces with an even harder job
  • Asian markets mixed after grim US jobs data
    HONG KONG: Asia's markets were mixed Friday as investor confidence took a blow from worse-than-expected jobs figures out of the United States that suggest a global recovery may not be as close as hoped. Job losses in the world's largest economy surged to
  • Video: Shampoo IPO bubbles in Hong Kong
    Shares in Chinese herbal shampoo burst onto the Hong Kong stock exchange, soaring more than a third in its market debut. BaWang International, which hired movie star Jackie Chan to promote its products, is Hong Kong's most popular IPO this year, selling
  • China Launches Pilot Program for Yuan Trade Settlement
    Print E_Mail Share China's central bank designated Bank of China's Hong Kong-listed unit as the clearing bank for the pilot Yuan trade settlement program. (Caijing.com.cn) The central bank has published rules governing trials for settling trade in
  • Three Chinese Auto Factories Step in Rio de Janeiro
    Chinese automakers BYD Co., Ltd. (SEHK: 1211) and Chery Automobile Co., Ltd. want to establish factories in Rio de Janeiro State, Brazil, said the governor Sergio Cabral on July 2, 2009. Chery Automobile said on the same day that it planned to carry out
  • Hong Kong shares open down 1.39 per cent
    HONG KONG - Hong Kong share prices opened 1.39 percent lower on Friday, with the benchmark Hang Seng Index dropping 252.09 points to 17,925.96 in the first few minutes of trading.
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Occupied by the UK in 1841, Hong Kong was formally ceded by China the following year; various adjacent lands were added later in the 19th century. Pursuant to an agreement signed by China and the UK on 19 December 1984, Hong Kong became the Hong Kong Special Administrative Region (SAR) of China on 1 July 1997. In this agreement, China has promised that, under its "one country, two systems" formula, China's socialist economic system will not be practiced in Hong Kong and that Hong Kong will enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years.

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