Core Historical Revisit 

The 1970s brought oil shocks and global stagflation, but Hong Kong adapted by upgrading industry and expanding services.  In China, Mao’s final years ended with his death in 1976, followed by Deng Xiaoping’s rise and the start of “Reform and Opening” in 1978, signalling long-term economic change. Europe and the UK struggled with economic problems but remained politically stable, slowly opening to Asian migration. Some Hong Kong families began “insurance emigration” to Canada, the UK or elsewhere, yet the colony’s strong growth and rising living standards still kept most people rooted locally.