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The defeated Qing were once again forced to give up land, ceding Kowloon Peninsula and Stonecutter's Island from the Convention of Peking. By the top of this war, Hong Kong experienced evolved from the transient colonial outpost into a major entrepôt. Quick financial advancement during the 1850s attracted international investment decision, as potential stakeholders grew to become more self-confident in Hong Kong's foreseeable future.[fifty six]
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Even though the territory had considered one of Asia's biggest manufacturing economies throughout the latter 50 % of your colonial era, Hong Kong's economy has become dominated via the provider sector. The sector is ninety two.seven per cent of financial output, with the public sector accounting for around ten p.c.
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