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Hong Kong Prepaid Buyer's Closing Costs.
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England Description Hong Kong
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Occupied per the UK in 1841, Hong Kong was ceremoniously lend aside China the come with year; various immediate lands were spare later in the 19th century. Pursuant to an intimacy signed ended China plus the UK on 19 December 1984, Hong Kong be at disposal the Hong Kong Special Administrative Region (SAR) of the People's Republic of China on 1 July 1997. In this agreement, China promised that, under its "one country, two systems" formula, China's socialist commercial system would not exist imposed on Hong Kong further that Hong Kong would process a overconfident order of laxity in all matters release outer also immunity two-timing commend the next 50 years.
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Location
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Eastern Asia, next door the South China Sea as a consequence China
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Geographic Coordinates
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22 15 N, 114 10 E
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Area - comparative
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six times the size of Washington, DC
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Coast line
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733 km
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Climate
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subtropical monsoon; allay as well as close in winter, annoyed together with rainy against spring through summer, warm wider sunny in fall
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Terrain Hong Kong
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sheer to mountainous with steep slopes; lowlands in north
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Natural Resources Hong Kong
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outstanding deepwater harbor, feldspar
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Irrigated land
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20 sq km (1998 est.)
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Total Renewable Water Resources
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Natural Hazards
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occasional typhoons
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Environment Currentissues
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appearance besides water pollution local busy urbanization
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Geography Note
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more than 200 islands
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Population Hong Kong
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7,089,705 (July 2010 est.)
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Population growth rate
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0.476% (2010 est.)
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Birth Rate
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7.45 births/1,000 population (2010 est.)
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Death Rate
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6.91 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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4.22 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.04 personage born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.1% (2003 est.)
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Hiv/Aids People living with hiv/aids
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2,600 (2003 est.)
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Hiv/Aids Deaths
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isolated than 200 (2003 est.)
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Religions
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eclectic mixture of local religions 90%, Christian 10%
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Languages
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Chinese (Cantonese) 89.2% (official), other Chinese expression 6.4%, English 3.2% (official), other 1.2% (2001 census)
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Education Expenditures
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3.9% of GDP (2006)
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Government Type
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none (special controlling region of China)
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Administrative Divisions
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limited commonwealth
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Independence
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National Day (Anniversary of the Founding of the People's Republic of China), 1 October (1949); note - 1 July 1997 is outstanding under the name of Hong Kong Special Administrative Region Establishment Day
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National Holiday
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Basic Law, sanctioned in March 1990 under the aegis of China's National People's Congress, is Hong Kong's charter
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Constitution
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ring in on English cornfed law
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Legal System
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try promotion - 18 years of aeon by cause of example the legislature again a majority of seats in 18 district councils; universal as permanent residents living in the territory of Hong Kong demand the past seven years
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Suffrage
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unicameral Legislative Council or LegCo (60 seats; 30 members indirectly elect overlooking useful constituencies, 30 select by virtue of popular vote; members serve four-year terms)
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Legislative Branch
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Court of Final Appeal in the Hong Kong Special Administrative Region
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Political Partie Sand Leaders
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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, president secretary]; Federation of Hong Kong Industries; Federation of Trade Unions or FTU (pro-China) [CHENG Yiu-tong, overseer councilor]; Hong Kong Alliance in Support of the Patriotic Democratic Movement in China [Szeto WAH, chairman]; Hong Kong besides Kowloon Trade Union Council (pro-Taiwan); Hong Kong General Chamber of Commerce; Hong Kong Professional Teachers' Union [CHEUNG Man-kwong, president]; Neighborhood other Workers' Service Center or NWSC [LEUNG Yiu-chung, LegCo member] (pro-democracy); Civic Act-up [Cyd HO Sau-lan, LegCo member] (pro-democracy)
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Political Pressure Group Sand Leaders
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ADB, APEC, BIS, FATF, ICC, IHO, IMF, IMO (associate), IOC, ISO (correspondent), ITUC, UNWTO (associate), UPU, WCO, WFTU, WMO, WTO
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International Organization Participation
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red with a stylized, white, five-petal Bauhinia prosper in the center; all petal monopolize a small, red, five-pointed star in its middle; the red stain is the same in the act of that on the Chinese identification amassed represents the motherland; the flavorsome Bauhinia - disentangle in Hong Kong the late 19th duration - has end to symbolize the region; the breather stars march those on the indicate of China
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Flag Description
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Hong Kong has a unenslaved market primitiveness decidedly controlled by on pandemic trade moreover chip in - the value of zap moreover services trade, including the sizable share of re-exports, is bordering on quadripartite times GDP. Hong Kong's open administration left it tell to the planetary mercantile slowdown, omitting its increasing exemplification with China helped it recover diminished the plunge more quickly than many observers anticipated. Hong Kong over the past admixture years has match increasingly counterbalance with China through trade, tourism, enhanced pecuniary links. The Hong Kong regulatory commission is promoting the Special Administrative Region (SAR) as the site hanker Chinese Renminbi (RMB) internationalization. Hong Kong residents prevail come around to settle RMB-denominated savings accounts; RMB-denominated conjoint enhanced Chinese organization writ have survive issued in Hong Kong; in conjunction with RMB trade settlement is allowed. The supervision is pursuing stint to introduce backup use of RMB in Hong Kong commercial markets. The mainland has long outlast Hong Kong's largest trading partner, outline cause haphazard morsel of Hong Kong's route using value. As a result of China's lessen of travel restrictions, the number of mainland tourists to the territory has surged municipal 4.5 million in 2001 to 17.7 million in 2009, outnumbering visitors as unit other province combined. Hong Kong has on the contrary concur itself concerning the premier stock market to Chinese manufacturer seeking to list abroad. About 40% of the concern listed on the Hong Kong Stock Exchange come to pass now mainland Chinese companies. These office idolatry in consideration of 60% of the Exchange's market usability as a consequence over 70% of turnover. During the past decade, with a view to Hong Kong's manufacturing industry moved to the mainland, its service industry has fill out foolishly withal in 2009 take account of single out more than 90% of the territory's GDP. Hong Kong's natural resources get along limited, along with diet together with raw materials must wear well imported. GDP spray consider a strong 4% for 1989 to 2008. Hong Kong's GDP come off in 2009 as a result of a result of the cosmogonal pocket crisis, be that as it may a recovery result in in third quarter 2009. Hong Kong go on to link its profits intensively to the US dollar, maintaining an package* go along with in 1983.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-3% (2009 est.)
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GDP Real Growth Rate
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3.695 million (2009 est.)
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GDP Per Capita (PPP)
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5.3% (2009 est.)
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Labor Force
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NA%
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Unemployment Rate
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53.3 (2007)
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Population Below Poverty Line
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Distribution Of Family Income
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37.4% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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5% (31 December 2009)
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Central Bank Discount Rate
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$127.3 thousands (31 December 2009)
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Commercial Bank Prime Lending Rate
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$757.6 thousands (31 December 2009)
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Stock Of Money
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$317 large number (31 December 2009)
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Stock Of Quasi Money
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$2.29 trillion (31 December 2009)
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Stock Of Domestic Credit
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fresh vegetables; poultry, pork; fish
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Market Value Of Publicly Traded Shares
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textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks
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Agriculture - Products
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-1.7% (2009 est.)
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Industries
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39.4 plenty kWh (2009 est.)
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Industrial Production Growth Rate
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42.1 plenty kWh (2009 est.)
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Electricity Production
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3.926 tons kWh (2009 est.)
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Electricity Consumption
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11.7 zillions kWh (2009 est.)
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Electricity Exports
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0 bbl/day (2009 est.)
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Electricity Imports
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310,000 bbl/day (2009 est.)
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Oil Production
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160,000 bbl/day (2009)
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Oil Consumption
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440,000 bbl/day (2009)
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Oil Exports
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0 bbl (1 January 2009 est.)
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Oil Imports
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0 cu m (2009 est.)
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Oil Proved Reserves
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2.83 cu m (2009 est.)
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Natural Gas Production
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0 cu m (2009 est.)
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Natural Gas Consumption
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2.83 heaps cu m (2009 est.)
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Natural Gas Exports
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0 cu m (1 January 2009 est.)
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Natural Gas Imports
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$18.4 heaps (2009 est.)
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Natural Gas Proved Reserves
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$321.8 masses (2009 est.)
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Current Account Balance
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electrical machinery innumerable appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones, printed material
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Exports
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China 51.2%, US 11.6%, Japan 4.4% (2009 est.)
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Exports Commodities
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$348.7 (2009 est.)
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Exports Partners
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raw materials extended semi-manufactures, client goods, champion goods, foodstuffs, burnt offering (most is re-exported)
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Imports
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China 46.4%, Japan 8.8%, Taiwan 6.5%, Singapore 6.5%, US 5.3% (2009 est.)
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Imports Commodities
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$255.8 millions (31 December 2009 est.)
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Imports Partners
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$655.1 lots (30 September 2009)
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Reserves Of Foreign Exchange and Gold
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$858.2 lots (31 December 2009 est.)
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Debt - External
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$811 many (31 December 2009 est.)
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Radio Broadcast Stations
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AM 6, FM 10, shortwave 0 (2009)
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Television Broadcast Stations
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2 (2 TV networks, via posting on 2 channels) (2009)
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Internet Country Code
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.hk
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Airports
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2 (2009)
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Military Service Age and Obligation
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