Briefly explain the economies of Singapore and Hong Kong
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• Both are small administrative states and financial centres for warehousing, shipping, finishing, MNC headquarters, banking and finance, hotels, and other services of the SE Asian region.
• Both are similar on a point that they get freedom from the rule of British government. In addition, both are mainly Chinese societies.
• Despite displaying considerable differences in their politico-economic structures both small city-state economies are capitalistic by kind along with some other similarities.