As a famous international financial, trade and shipping center, Hong Kong is recognized as one of the freest, open and developed economies in the world. In 2018, Hong Kong’s GDP reached $362.9 billion, and it’s per capita GDP exceeded us $48,000. The service sector accounted for more than 90% of GDP. This year, Hong Kong ranked first in the world in the index of economic freedom released by the heritage foundation of the United States. Hong Kong ranked second in the world competitiveness report released by the Swiss Institute of Lausanne. Hong Kong ranks third in the world in the world bank’s doing a business report. According to the 2018 Gallup public security index, Hong Kong ranks second in Asia and fifth in the world.
By March of this year, crime had fallen again to 758 per 100,000 people, the lowest since 1971, according to the statistics. The Hong Kong police force is one of the most highly qualified and professional forces in the world.
All this, however, was changed by an ordinary criminal case. In February 2018, Hong Kong resident Chen tongjia killed his girlfriend during a trip to Taiwan and fled back to Hong Kong. As there is no extradition agreement between Hong Kong and Taiwan, the HKSAR government has proposed to the legislative council amendments to the fugitives ordinance and the mutual legal assistance in criminal matters ordinance (” amendment “) to close legal loopholes. The legislative council of the HKSAR is scheduled to meet on June 12, 2019, for deliberation on the draft amendments to the fugitives ordinance. On June 9th, however, activists tried to storm the legislature as demonstrators staged an “anti-reform” march. On Tuesday, activists systematically stormed police lines and even threw homemade Molotov cocktails around the legislative council, leading to the cancellation of the legislative council meeting scheduled for that day and triggering a five-month row over the amendment that has yet to end. This wave from the initial “peace and justice” street movement gradually evolved into a sustained violent criminal ACTS, even terrorism tendency.
In the five months from June to October this year, Hong Kong’s tourism, retail, catering, import and export sectors may lose more than HK $400 billion. The economy is expected to grow by -1.3% in 2019, the first negative growth in a decade. In August 2019, the global city safety index released by the UK’s economist intelligence unit (eiu) saw Hong Kong plunge from ninth place two years earlier to the 20th.