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On June 10, 2014, the Chinese central government published its first white paper on the work of Hong Kong Special Administrative Region (HKSAR), detailing the “one country, two systems” practice in the region.
Put forward by late Chinese leader Deng Xiaoping in the early 1980s, the “one country, two systems” policy is a basic state policy the Chinese government has adopted to realize the peaceful reunification of the country. According to Deng, this means there is only one China, and under this premise the mainland adheres to a socialist system while Hong Kong, Macao and Taiwan may retain their capitalist systems over a long period.
The policy was first formulated to solve the question of Hong Kong. It ensured Hong Kong’s smooth return to the motherland on July 1, 1997, at which time, the HKSAR was established and the Basic Law came into effect. Thanks to the policy, the HKSAR exercises a high degree of autonomy in accordance with the law, Hong Kong continues to prosper, its society remains stable, and development is witnessed in all areas.
Before its return, the United Kingdom had designated governors to enforce colonial rule over Hong Kong for more than 150 years. Since 1997, the HKSAR government and its legislature have been composed of local residents. The election of the HKSAR chief executive has become increasingly democratic. The election of the Legislative Council is becoming more and more direct. And a timetable has been set for universal suffrage.
This fully proves that “one country, two systems” is not only the best solution to the Hong Kong question, a relic of history, but also the best institutional arrangement for its long-term prosperity and stability. Continuing adherence to the policy of “one country, two systems” is the common wish of all Chinese people, including Hong Kong compatriots, and is in the fundamental interests of the country and people, the general and long-term interests of Hong Kong as well as the interests of foreign investors.