Part of China since 1997, Hong Kong s trade, financial services, and manufacturing are a significant additions to China. Central control of the economy is also important in Mongolia and North Korea. Consistent with the numerous islands and long coastlines, this subregion has been influenced by China, Japan, and other external forces. The region contains much ethnic and religious diversity. The Green Revolution has helped rice production and subsistence farming has been replaced by commercial farming in many areas.
Governments encourage foreign investment.
The financial crisis of the late 1990s has created economic and political instability. Environmental concerns are increasing. Landscapes include traditional features like Buddhist temples and rice paddies and modern features like apartment blocks and new roads. For a variety of reasons, Eastern Asia has grown quickly in economic and political power. It has a lot of potential to continue its growth in the coming decades, but much infrastructure is needed and conflicts could break out.