a former british territory handed over to china in 1997, but still a preserving a fairly autonomous and independent economy (according to the formula, "one country, two systems"), and one of the principal export-led growth asian economies, the small hong kong sar (special administrative region) has a central place in the east asian production and distribution channel as one of the leading rdcs (regional distribution centers) together with shanghai, shenzhen and Singapore
hong kong is the word’s 10th largest trading economy, the second in asia as recipient of fdis after china and often the first port of call for western companies approaching Asian markets, both to export and for sourcing. A very sophisticated service economy more than anything else –services account for more than 90 percent in terms of contribution –hong kong’s gdp is based on four main sectors, trading and logistics (25.5 percent of gdp in 2011), tourism (4.5 percent), financial services (16.1 percent), and professional services of various kinds (12.4 percent)