In a 1987 article in the Times Book Review, Robert Solow, a Nobel-winning economist at M.I.T., commented, “You can see the computer age everywhere but in the productivity statistics.” Despite massive increases in computing power and the rising popularity of personal computers, government figures showed that over-all output per worker, a key determinant of wages…
There are currently 10 such projects offered by various developers, providing nearly 3,000 beds at the end of last year. The Hong Kong government has loosened up a zoning policy this month, speeding up hotel conversions to student hostels. Centaline Investment bought over a mid-tier hotel last September for conversion into a hostel that will…
MUMBAI, – China will not dump its goods in other countries due to its trade and tariff war with the U.S., Beijing’s ambassador to India, Xu Feihong, wrote in an article on Tuesday, trying to allay fears of cheap Chinese goods flooding other markets. Beijing will not engage in market dumping, China’s ambassador to India…
The success of mega-events under Hong Kong’s “Super March” tourism campaign paints a “promising” picture of the city’s economic future, a leading business insights provider has said, adding that Art Basel had brought in the wealthiest visitors under the drive at an average monthly income of about HK$44,000 (US$5,700). But a lawmaker and economist both…
Home » CHINA TRAVEL NEWS » China’s Greater Bay Area Sets Bold Plans in Motion, To Become a World-Class Tourism Powerhouse, With Unified Branding and Regional Integration Thursday, March 27, 2025 China’s Greater Bay Area aims to become a global tourism hub with a new strategy focused on unified branding, regional collaboration, and diverse travel…
In the 1950s, social scientists popularized an idea that would go on to shape geopolitics: modernization theory, or the belief that economic development leads to the growth of liberal democracy. The theory was powerfully supported by the second and third waves of global democratization in regions such as Eastern Europe and Latin America, and it…
CGTN published an article on Chinese President Xi Jinping’s latest inspection tour to southwest China’s Guizhou Province. By introducing how Guizhou strives for high-quality economic growth and rural revitalization, the article showed China’s unwavering determination to pursue high-quality development, which is key to its modernization drive. BEIJING, March 19, 2025 /CNW/ — At this year’s…
Hong Kong’s finance chief should spend within the city’s means given the expected whopping deficit, a rural leader has said after drawing a fortune stick that advised residents against greed as part of a Lunar New Year ritual. Kenneth Lau Ip-keung, chairman of powerful rural body the Heung Yee Kuk, drew a “neutral” stick at…
Hong Kong’s finance minister will promote the city’s advantages as a “superconnector” and a “super value-adder” during a visit to Switzerland this week for the annual meeting of the World Economic Forum. Paul Chan Mo-po said on Sunday he would take the opportunity to brief political and business leaders from around the world about the…
City and U.S. Steel officials said they are moving ahead with plans for a new use of the company’s Joliet site, which is at least seeing some progress on the perimeter. Pilsen Wellness Center this week presented their plans for using the building that once provided steelworkers with a credit union. The former New Century…