Deng Xiaoping developed the one country, two systems concept. This constitutional principle was formulated in the early 1980s during negotiations over Hong Kong between China and the United Kingdom. It provided that there would be only one China, but that each region would retain its own economic and administrative system. Under the principle, each of the two regions could continue to have its own governmental system, legal, economic and financial affairs, including trade relations with foreign countries, all of which are independent from those of the mainland. The PRC has also proposed to apply the principle in the unification it aims for with Taiwan.
Deng Xiaoping developed the one country two systems concept This constitutional principle was formulated in the early 1980s during negotiations over Hong Kong between China and the United Kingdom It provided that there would be only one China but that each region would retain its own economic and administrative system Under the principle each of the two regions could continue to have its own governmental system legal economic and financial affairs including trade relations with foreign countries all of which are independent from those of the mainland The PRC has also proposed to apply the principle in the unification it aims for with Taiwan