Word: entrepôt
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Dates: during 2007-2007
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...What accounts for Hong Kong's importance? Ever since the city was founded by the British in 1841, its harbor has been a major stop on trade routes, its dockside warehouses stuffed with silks and the other valuable wares of Asia. Hong Kong prospered as China's entrep?t, and its traders had tight links to the Chinese market; Li & Fung, for example, was founded as a trading company in Guangzhou in 1906. But when the Communist Party took power in China in 1949, exports from China slowed to a trickle. Hong Kong then became a formidable manufacturing...
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