The free flow of capital under ultra-low interest rates has led to a housing price boom in Hong Kong, making it the world's most expensive city to live in, measured by housing price-to-income ratios. Between 1997 and 2017, the median monthly salary of Hong Kong's employees in the age group 25 to 29 increased less than 50 percent, from HK,000 (,400) to HK,000, but the price index of small to medium-sized apartments almost doubled in Hong Kong between 2008 and 2017. Now an average family has to save for around 21 years without spending a single dollar to buy a home in Hong Kong, compared with less than five years in Singapore.
The gear business in SPPTE started to shrink in 2012, as SMTCL adopted new CNC (computer numerical control) machine tools that only required several gears to build, instead of more than a hundred in previous models.
The girl's death has stirred a public outcry for the need for more attention for "left-behind children".
The government will explore social security policies that can meet the demand for laborers working on multiple platforms and for different employers, the guideline said.
The gap is widening between leaders and laggards in digital transformation, said Wu Lianfeng, IDC China vice-president and chief research analyst. According to IDC's research on global companies, digitalized enterprises can maintain over 10 percent growth in annual sales and more than a 12 percent increase in profit annually, while the non-digitalized will see flat or downturns in those indices, Wu said.
The government will nurture a more favorable environment for business, particularly new industries and services, which will recruit educated professionals and enable graduates to release their creativity and realize their potential, Li said.
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The government in April approved an initiative to offer monthly financial aid amounting to 600 reals (about 3) to low-income informal workers and single mothers for a period of three months.
The giant, extravagant chariot, which is 2.56 meters long and 1.66 meters wide, was equipped with rain and sun protection on the top and decorated with bronze and bone ornaments.
The funding over five years will pay for a wellbeing and information officer who will recruit and coordinate volunteers and offer a culturally sensitive information and advocacy services alongside social and cultural activities.
The government will boost consumption via means such as steeper tax and fee cuts, and expand effective investment with increased spending on infrastructure, according to the report.