Due to historical and geographical factors, the development of Hong Kong has entered a new era since the founding of the People’s Republic of China in 1949. When the Korean War broke out in 1950, various countries imposed an embargo on China, who was an ally of North Korea. As a result, trade between Mainland China and Hong Kong nearly came to a halt, and the maritime industry also slumped. Meanwhile, however, the economy of Hong Kong developed rapidly and even switched gradually from relying on imports and exports to light industry. As the economy took off followed by an increase in...