Hong Kong's Economy Grows 7.1 Per Cent
Hong Kong's economy is in good shape: The economy grew 7.1 per cent in the first quarter, the biggest increase in two years while the unemployment rate of 3.3 per cent is the lowest in a decade, the government said in a statement. However, rising salaries and costs increased producer and consumer prices, which jumped 5.8 and 5.4 per cent but are still considerably lower than in China. Hong Kong's stock market index, the Hang Seng, has fallen 17 per cent year-to-date.
Chinese Airlines Fly to Taiwan
Air China, China Southern Airlines and China Eastern have received the
nod to fly to Taiwan after an agreement eased 59 year long restrictions
on direct flights between China and Taiwan. China three largest Chinese
carriers will fly four times a week each. Hainan Airlines, Xiamen
Airlines and Shanghai Airlines will operate two weekly flights to
Taiwan, the Civil Aviation Administration said.
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