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Hong Kong has a highly developed and successful free-market economy, characterized by low taxation, minimal government intervention, and a strong tradition of international trade. Its major industries include finance, real estate, retail, tourism, and shipping. The city has a highly skilled workforce and a well-developed infrastructure, making it a hub for international business and commerce. Despite its success, Hong Kong has faced challenges in recent years due to political uncertainty, trade tensions, and the impact of the COVID-19 pandemic. However, it remains a key player in the global economy and is expected to continue to play a significant role in the region's economic.
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