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Pursuant to the 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. Under the terms of this agreement, China has promised that under its "one country, two systems" formula its socialist economic system will not be practiced in Hong Kong, and that Hong Kong shall enjoy a high degree of autonomy in all matters except foreign and defense affairs. Location: Eastern …

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showed last 75 words of 1898 total
…very steadily and smoothly. In October 1986 Queen Elizabeth paid an unusual visit to China which highlighted the development of friendship between these two nations. The Third Stage (June 1989 to the Present) This stage began after the June 4th incident in 1989. However, it as only an overture to the sharp turning of the British policy toward China on the Hong Kong issues. The political background, which led to the British wrong steering, was much more complicated