CHINA WILL FOCUS on developing independent science and technology resources. This will provide “new productive forces”, leader Xi Jinping said at the Two Sessions, the country’s annual parliamentary meetings.
The plan to upgrade the economy with Chinese homegrown technology emerged as a key theme at the series of gatherings which end today [Monday 11 March…
Hong Kong ‘can host global BRI sports event’
City’s delegates are sharing ideas for the future at NPC in Beijing
HONG KONG CAN USE its stadiums to host a global sports event for Belt and Road nations, philanthropist Herman Hu Shao-ming said this week.
And “brain health” should be a major focus for China from…
SOME COMMENTATORS are saying that China's annual parliamentary meeting is undramatic this year. This is because they haven't seen announcements about injections of public money that some economists were hoping for. And growth targets were set modestly, at “around 5%” for GDP growth and 3% for the annual budget deficit.
The BBC’s sour correspondent dismissed…
BIG EARNERS WILL PAY more tax, Hong Kong's finance chief said in his latest budget. But the rate will still be far lower than rich people pay in other jurisdictions.
In the budget announced last Wednesday, Financial Secretary Paul Chan Mo-po has come up with a fiscal consolidation program to slash the deficit in the…
IN 1897, WHEN THE New York Journal told Mark Twain, the humorist, of the rumor he was dying in poverty in London, he was amused. He replied, “The report of my death was an exaggeration,” hoping to nip the story in the bud.
The same can also be said of anybody who predicts Hong…
THE GAME OF rock, paper, scissors started in China, historians believe. The Ming Dynasty writer Xie Zhaozhe wrote in the 1600s that it date back to the Han Dynasty (206 BCE – 220 CE).
But the three elements weren’t rock, paper and scissors. The game was called shoushiling (手勢令), or hand gesture command.
The original elements…
HONG KONG PEOPLE raced to search for “stamp duty” on Google within minutes of Wednesday’s government pledge to make home-buyer easier and cheaper.
But at the exact same time, people selling their apartments raced to raise their prices.
Ultimately, the changes brought a lot of energy back into the housing market—expect some hard bargaining to…
“Parents who deeply love their children are always visionary. ”
(“父母之愛子,則為之計深遠。”)
-quoted from a Chinese classic“Annals of the Warring States”(《戰國策》)
THE HOUSEHOLD REGISTRATION SYSTEM, which has been in place in China for thousands of years, still has a profound impact on the lives of Chinese people, and to some extent determines their fate.
Because…
Hong Kong tourism is set for a major revival in the medium term—as the city is sitting on the doorstep of the world’s biggest “new” middle class.
Mainland China already has more middle class people than all the countries of western Europe and North America put together.
THE INTERNATIONAL and local community of Hong Kong…
While Hong Kong was still run by the British, the Basic Law was drawn up, which included an article numbered 23 - which was an acknowledgement that Hong Kong should not be deprived of the security laws that virtually all other places have to keep them safe.
But some Hong Kong people were nervous,…
