This document provides information on Hong Kong, Singapore, and China: Hong Kong remained a British colony until 1997 when it was returned to China. It has a capitalist economy and is a major world trading port. Singapore gained independence from Malaysia in 1959 and has experienced successful economic development led by the government and private enterprises. China was ruled as a British colony until 1997 and is now ruled under a "one country, two systems" policy, with mainland China responsible for defense and foreign affairs while Hong Kong maintains its own legal and economic systems.