Disneyland in Hong Kong has been a success story in attracting Chinese tourists. People are willing to pay a bit more for something that is run by an overseas operator and has the international vibe.
Housing continues to be a key component driving inflation this year.
We're seeing inflationary pressure continue to ease in China, largely on the back of food prices, and I think the discussion going forward is that we would see a low inflation environment and maybe a hint of deflation as well.
The government would like to see a bigger push from the private consumption side to drive the economy, ... is pretty good news for some of these foreign companies.
It's difficult. We need to boost the competitiveness of Hong Kong workers. That could be done by education but that's a medium-term solution.
People have more faith in Hong Kong's logistics. Low value products are shipped directly out of Shenzhen to the world, higher value products come out through Hong Kong. It's the guarantee of safety.
People have more faith in Hong Kong's logistics.
They have been doing a lot of domestic traveling in the last couple of years and they are very willing to come out and spend and enjoy themselves.
The high inflation was caused by the seasonal impact, but it also reflected the underlying inflationary pressure from rents.
It seems the economy is still in pretty good shape. Net exports are still a major contributor.
