The World Factbook about Hong Kong Hong Kong has a bustling free market economy highly dependent on international trade. Natural resources are limited, and food and raw materials must be imported. Indeed, imports and exports, including reexports, each exceed GDP in dollar value. A shortage of labor continues to put upward pressure on prices and the cost of living. Even before Hong Kong reverted to Chinese administration on 1 July 1997 it had extensive trade and investment ties with China.
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