1960s in Hong Kong continued with the development and expansion of manufacturing that began in the previous decade. The economic progress made in the period would categorise Hong Kong as one of Four Asian Tigers along with Singapore, South Korea, and Taiwan. Background Economically, this era is considered a major stepping stone for Hong Kong. It is considered the first turning point for Hong Kong's economy. The per capita GDP was still relatively low in 1960. It was approximately the same as Peru, South Africa and Greece in the same decade. By comparison, Argentina had two times and Venezuela had three times the GDP of Hong Kong. The living standard was rising steadily, but low wages continued. The number of registered factories increased from 3,000 in 1950s to 10,000 in 1960s. Registered foreign companies increased from 300 to 500. There were demands for labour in every sector of the economy. Politically, however, this era is marked by the political chaos in mainland China. Demographics Population Hong Kong's population in the 1960s is estimated at 3 million. Half of the population was under the age of 25 and the group became Hong Kong's baby boom generation. The surge of refugees continued to come in from China. Culture Lifestyle The past generations of Chinese families were deeply rooted in family affairs. The long hours in the factories would break apart that traditional structure when most people spend far more time working in factories than at home. But people lived under a strong willingness to bear sufferings. This was slightly compensated by their close relationship within the community, and cheerful talks in their spare times. Work places mainly served as educational hubs or the "second home". Women also joined the work force in larger numbers, becoming working daughters or working mothers. Education The government pursued an ambitious public education programme, creating over 300,000 new primary school places between 1954 and 1961. By 1966, 99.8% of school-age children were attending primary school, though the primary schools were not free. Events From 6 to 15 December 1969, the first Hong Kong Festival was launched after 7 months of preparation work with HKD $4 million of funding. It originated after the 1967 riots in hopes that people unleash their energy toward a better cause instead of communists' riots. The number of participants reached more than 500,000 including foreign tourists. Entertainment The 1960s cinema films were still