Which of the following is true regarding Hong Kong, post its turnover to the People's Republic of China?
A. After becoming a special administrative region of the People's Republic of China, Hong Kong has lost its autonomy.
B. The Hong Kong government negotiates bilateral agreements and makes major economic decisions on its own.
C. The central government in Beijing has no jurisdiction over matters related to foreign affairs and defense of Hong Kong.
D. The Hong Kong dollar has ceased to be freely convertible after its turnover to the People's Republic of China.
E. The Hong Kong SAR government openly opposes economic policies that stresses the predominant role of the private sector.
Answer: B. The Hong Kong government negotiates bilateral agreements and makes major economic decisions on its own.