| Abstract: | Hong Kong includes Hong Kong Island, Kowloon, New Territory, and more than 230 islands. During World War ii, the population of Hong Kong decreased sharply, and the total number decreased to less than 600,000. Since the war ended in 1945, the population of Hong Kong has been increasing rapidly at an annual rate of 20%. By the end of 1981, its total population had increased to 5.2 million, including 1.25 million newly arrived immigrants. The average age is 24.8. People above the age 65 constitute only 6% of the total population. This shows that there is a sufficient supply of labor for local economic development. Because of continued economic growth, there has been a constant demand for more labor. Low wages provide an excellent condition for high-speed industrial development. An improved quality of professional workers and management personnel also contributes much to Hong Kong's industrial modernization. Because of high employment among the labor population, the general population earns income and spends a great deal, and this has created a rather active economy. General population growth trends include: 1) continued population growth will bring the total population to 6.3 million by the end of 1981, and the housing problem will become more serious; 2) a stable decline in the natural population growth rate will gradually change the population pattern to a low birth, low death, and low natural growth situation; and 3) improvements in science and technology, health care, and living conditions will reduce the death rate, and the average age will lengthen, and with the increase in old people, the demand for social welfare will also increase; and 4) there will be a shortage in experienced labor (professional technicians and high management personnel) in the 1980s. Facing the new situation, Hong Kong's economic structure needs reform, moving from a labor intensive enterprise to a capital-technological intensive enterprise. The market will be expanded and Hong Kong will earn more profit in China's mode rnization process. |
