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Two sessions: China faces economic challenges as it climbs the value chain

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…

March 7, 20240Comments ByNury Vittachi

Hong Kong News News

Hong Kong to make rich pay more tax

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…

March 7, 20240Comments ByH.C. Lu

Hong Kong News Opinion

Stephen Roach, don’t bet against Hong Kong people

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…

March 5, 20240Comments ByGrenville Cross

Hong Kong News

Budget boost re-ignites the buzz in Hong Kong property scene

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…

March 1, 20240Comments ByFriday Writers

China news Culture News

In China, parents literally give blood for their children’s schooling

“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…

February 29, 20240Comments ByEmily Zhou

Features Hong Kong News News

International debate produces 7 ideas to reignite Hong Kong tourism

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…

February 29, 20240Comments ByNury Vittachi

Hong Kong News News Opinion

Give Hong Kong judges flexibility in sentencing

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,…

February 22, 20240Comments ByGrenville Cross

Features Hong Kong News News

Hong Kong brand Giormani craves out new niche in sofa markets

HONG KONG DESIGNER Kelvin Ng (吳紹棠) and his wife Jane Tong (唐慕貞) never imagined that their sofa business Giormani (茲曼尼) would be such a big success when they started it about 25 years ago. Their tailor-made sofas are now sold in the city and over 40 markets worldwide. Rather than just selling a piece…

February 19, 20240Comments ByH.C. Lu

China news

Legal puzzle: Cases are being filed by people with nothing to gain

Courts function best when genuine cases are filed, logical decisions are made, and clear, concise judgments are issued. But the Hong Kong legal system has unfortunately caught a worrying habit associated with the west’s human rights industry: the appearance of “confected” (elaborately constructed) cases or judicial reviews based on a legal point that is not…

February 18, 20240Comments ByHenry Litton

China news News

UK has ‘slowest internet’ after kicking out China’s Huawei: study

THE UK HAS THE WORST 5G service in the European region, a new survey revealed—thanks to the country's decision to kick out their Chinese partners. At a city level, London now has the worst 5G coverage of major cities in the region, said a study by internet and quality testing company MedUX. It has a…

February 18, 20240Comments ByNury Vittachi