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wishes of the people of Hong Kong, was a

detailed and legally-binding international

agreement providing for the continuation for

fifty years beyond 1997 of Hong Kong's

capitalist economy, its common law system and

the rights and freedoms of its people

built up under British administration.

agreement contains explicit assurances from

the Chinese about how Deng Xiaoping's "one

country, two systems" formula will work, and

how Hong Kong will enjoy a high degree of

autonomy.

The

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