China's "one country, two systems" agreement with Hong Kong guarantees the latter a high degree of autonomy.

Name: China's "one country, two systems" agreement with Hong Kong guarantees the latter a high degree of autonomy.
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The "one country, two systems" principle was established to ensure that, following its handover from Britain to China in 1997, Hong Kong would maintain a high degree of autonomy, except in foreign and defense affairs, for 50 years.

China's "One Country, Two Systems" Agreement with Hong Kong Guarantees