Made in Hong Kong

Between 1949 and 1997, Hong Kong transformed from a struggling British colonial outpost into a global financial capital. Made in Hong Kong delivers a new narrative of this metamorphosis, revealing Hong Kong both as a critical engine in the expansion and remaking of postwar global capitalism and as the linchpin of Sino-U.S. trade since the 1970s. Peter E. Hamilton explores the role of an overlooked transnational Chinese elite who fled to Hong Kong amid war and revolution. Despite losing material possessions, these industrialists, bankers, academics, and other professionals retained crucial connections to the United States. They used these relationships to enmesh themselves and Hong Kong with the U.S. through commercial ties and higher education. By the 1960s, Hong Kong had become a manufacturing powerhouse supplying American consumers, and by the 1970s it was the worlds largest sender of foreign students to American colleges and universities. Hong Kongs reorientation toward U.S. international leadership enabled its transplanted Chinese elites to benefit from expanding American influence in Asia and positioned them to act as shepherds to Chinas reengagement with global capitalism. After Chinas reforms accelerated under Deng Xiaoping, Hong Kong became a crucial node for Chinas export-driven development, connecting Chinese labor with the U.S. market. Analyzing untapped archival sources from around the world, this book demonstrates why we cannot understand postwar globalization, Chinas economic rise, or todays Sino-U.S. trade relationship without centering Hong Kong.