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Hong Kong Handover (1997)
Britain returned Hong Kong to Chinese sovereignty on 1 July 1997 under the "one country, two systems" framework negotiated by Deng Xiaoping and Margaret Thatcher in the Sino-British Joint Declaration (1984). Hong Kong was to retain its common law legal system, free press, civil liberties, and separate economic and political institutions for 50 years — until 2047. The handover was a major diplomatic achievement of the Jiang Zemin era.
Theory of Three Represents
The Theory of Three Represents was a political theory developed by Jiang Zemin and formally incorporated into the CCP's constitution in 2002. It stated that the CCP should represent the development of China's advanced productive forces (i.e. capitalists and entrepreneurs), the orientation of China's advanced culture, and the fundamental interests of the overwhelming majority. It was significant because it opened the party to private entrepreneurs and business people, departing from the Maoist principle that the CCP represented only workers and peasants.