The mainland and Hong Kong governments signed the Closer Economic Partnership Arrangement, reducing trade barriers and expanding economic integration. The agreement responded to Hong Kong’s economic downturn after SARS and deepened its ties to mainland markets. It brought commercial opportunity while raising questions about how economic integration would interact with Hong Kong’s promised autonomy.
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What did CEPA deepen between mainland China and Hong Kong?
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The 2003 arrangement reduced trade barriers and expanded economic ties.