Hong Kong: Introduction
Hong Kong is a special administrative region (SAR) of the People's Republic of China. It comprises 200 islands located in Eastern Asia bordering the South China Sea and China. Much of Hong Kong's terrain is hilly to mountainous with steep slopes. The government system is a limited democracy. The chief of state is the President of China, and the head of government is the Chief Executive of Hong Kong. Hong Kong has a free market economy in which the prices of goods and services are determined in a free price system. Hong Kong is a member of the Asia-Pacific Economic Cooperation (APEC).