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3. Hong Kong/China Cooperation
In recent years Hong Kong's economic relatons with China
generally, and Guangdong province in particular, have undergone rapid growth and development. Since 1985 China has been Hong Kong's largest trading partner. It is now the second largest market for
Hong Kong's re-exports and the largest source for Hong Kong's imports. Hong Kong has recently become China's largest trading
partner, accounting for more than a quarter of China's external
trade. These are highly significant developments which are
laying an important foundation of cooperation and trust for the
post-1997 period.
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