The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare.
The expulsion of British journalist Victor Mallet from Hong Kong is regarded worldwide as a chilling message about the steady erosion of basic rights in the semi autonomous Chinese city, according to the Financial Times.
After last week's global rout, Asian markets struggled to hold early gains with analysts warning of further volatility across trading markets.
British Prime Minister Theresa May was starting a crucial trade visit to China on Wednesday as she admitted the two countries will not always see eye-to-eye in sensitive areas like steel over-capacity and intellectual property rights.
Regulators have approved a long-awaited plan to connect the Hong Kong and Shanghai stock exchanges. The Shanghai-Hong Kong Stock Connect will allow investors to trade across the border for the first time and is set to begin on 17 November.
By Steve Tsang (*) - Prime Minister Margaret Thatcher fought a war with Argentina to defend the Falklands, but she negotiated with China over the future of Hong Kong. Should the apparent success of British diplomacy in securing an acceptable future of Hong Kong be a shining example for a similar solution for the Falklands?
Hong Kong became the world’s most developed financial market, overtaking the US and the UK for the first time, according to the Financial Development Report 2011 published by the World Economic Forum (WEF) on Wednesday.
The Global Cities Survey, published by Savills PLC, reported last week that Hong Kong residential property is now the most expensive in the world. Based on the property price index contained in the survey, residential property in Hong Kong is 55% more expensive than property in London.
Paraguay the only Mercosur member with no formal diplomatic relations with China-Beijing, --since it only recognizes Taiwan--, is scheduled to open a trade office in Hong Kong (Peoples Republic of China) some time in the next few weeks.