Hong Kong faces external economic challenges, including Sino-US trade frictions, Brexit, and other global uncertainties. The extreme behavior of the protesters will affect local business operations and undermine consumers' confidence, the BPA said.
Hong Kong has the least affordable home prices in the world, according to the Demographia 2019 International Housing Affordability Survey. The ratio of the median property price to the median household income, was 20.9 times in Hong Kong, with the home price HK.169 million (6,195) and the household income HK3,000. That means that it would take an average household 20.9 years to be able to afford an apartment in Hong Kong if there were no other expenses.
His time as mayor has not been without scandal. He faced state and federal investigations over money for favors connected to his 2013 campaign, but no criminal charges were filed against him or his team.
Hong Kong investors brought in their money and imported products, thanks to the adjacency of the two cities and the preferential policies in the special economic zone.
Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor appealed to social organizations to avoid advocating radicalism, as it will only harm society, especially youths.
His information was then collected in the citywide facial recognition system.
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History has repeatedly proved that only by openness and cooperation will the path become ever wider, Xi said, adding that major countries shoulder important and special responsibilities for those issues.
His remarks were based on a new study entitled China to Canada: International Home Buyer Insights, which was co-released on March 7 by Sotheby's International Realty Canada and Juwai.com, an international property website for Chinese buyers of overseas property.
Hong Kong eventually transitioned to a major regional trading hub with an international financial center to rival London or New York. The attraction was a desire for economic gain, a better lifestyle and greater opportunity.
Hong Kong has been ranked as the world's least affordable housing market for 2019 – for the 10th consecutive year – according to a survey released on Monday.