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Hong Kong's fiscal reserves rise by HK$27.1 billion to $8.31 billion
... on June 22, 2022 shows the view from Victoria Harbour in Hong Kong, South China. The Hong Kong Special Administrative Region government said on Thursday that it had a deficit of $65.2 billion and $8.31 billion at the end of May 31, 2022, a result of LI GANG XINHUA HONG KONG. The government of HKSAR said the expenditure for the period from April to May 2022 was HK $134.7 billion and revenue HK $49.5 billion, which has a deficit of HK $65.2 billion after issuance of green bonds under the Government ...
Updated: 06/30/2022
SenseTime founder loses half of his fortune after shares plunge
... off a list of the world's 500 richest people. The fall of SenseTime occurred after the lock-up period on a portion of shares held by cornerstone investors and stakeholders expired a day earlier. Some executives, including Chief Executive Officer Xu Li , pledged to extend the lock-up of their shares until December 29th. The tech company completed a Hong Kong listing in December despite US sanctions, and surged as much as 23% on debut. Thursday s slump dragged the stock below the initial public offering ...
Updated: 06/30/2022
China's manufacturing shrinks as lockdown lifted
... unemployment. President Xi Jinping is poised to secure his third term in the 20th Party Congress this fall. Analysts say that the official GDP target of around 5.5% for this year will be hard to achieve without abandoning the zero-COVID strategy. Premier Li Keqiang vowed to achieve reasonable economic growth in the second quarter, although some private sector economists believe that the economy will shrink in April-June quarter from a year earlier, compared to the first quarter's 4.8% growth. China's ...
Updated: 06/30/2022
Employment confidence dives to lowest level since 2009
... the employment situation remains grim in the second quarter, according to urban depositors surveyed by the People's Bank of China PBOC . Since 2009, the indicator of future expectation of employment has dropped to the worst level since 2009. Premier Li Keqiang said that China would try to restore the economy to normal and cut the unemployment rate as soon as possible, with the survey-based unemployment rate in 31 big cities rising to 6.9 per cent in May. A cohort of graduates larger than the whole ...
Updated: 06/29/2022
New arrest warrant for alleged cheating cheating in Japanese exam
... math questions online were served fresh arrest warrants on June 29 on suspicion of leaking questions in a different subject from the same test. In January, Wang Jialu , 22, entered Hitotsubashi University in the suburban Tokyo city of Kunitachi, and Li Suihan , a 28-year-old graduate school student - both Chinese nationals -- were first arrested on June 8. Hitotsubashi is one of the leading national universities in Japan. Wang , a resident of Tokyo's Shinjuku Ward, is accused of photographing the ...
Updated: 06/29/2022
ASEAN-China to set up poverty experts
In this July 8, 2012 picture, a Cambodian police officer walks past the ASEAN logo in front of the Peace Palace during the 45th Association of Southeast Asian Nations ASEan Foreign Ministers' Meeting AMM in Phnom Penh. In this July 8, 2012 file photo, a Cambodian police officer walks past the ASEAN logo in front of the Peace Palace during the 45th Association of Southeast Asian Nations ASEAN Foreign Ministers' Meeting AMM in Phnom Penh. Liu Huanxin , head of the National Rural Revitalization...
Updated: 06/29/2022
China, Indonesia open badminton with impressive show
... titleholder Wang Zhiyi of China beat her compatriot He Bingjiao 23 -- 21, 9 -- 21, 21 -- 11 with a three-round match lasting over an hour. The women's doubles pair Chen Qingchen Jia Yifan won Thailand's Benyapa Aimsaard 21 -- 17, 21 -- 8, while Du Yue Li Wenmei breezed past Brazilian counterparts Jaqueline Lima Samia Lima 21 -- 4, 21 -- 7 in a mere 24 minutes. Indonesia team also put a strong showing with Gregoria Mariska Tunjung upsetting women's world number one Akane Yamaguchi of Japan 21 -- 14,...
Updated: 06/29/2022
China factory activity likely to return to expansionary territory in June
... measures. President Xi Jinping is poised to secure his third term in the 20th Party Congress this fall. Analysts say that the official GDP target of around 5.5% for this year will be hard to achieve without abandoning the zero-COVID strategy. Premier Li Keqiang vowed to achieve moderate economic growth in the second quarter, although some private sector economists believe that the economy will shrink in the April-June quarter from a year earlier, compared to the first quarter's 4.8% growth. The PMI ...
Updated: 06/29/2022
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