echnology sectors of Hong Kong and the mainland, facilitating more career opportuniti
es for Hong Kong local talent as well as offering a larger market for knowledge transfer.
Tam Yiu-chung, a Hong Kong member of the Standing Committee of the National People’s Congress, the country’s top legislat
ure, estimated that the plan would lay out development priorities for the area, and the key tasks each city should carry out.
Hong Kong will thus have a clearer direction for future development, and better understand how it can fully contribute, Tam said.
The Greater Bay Area encompasses Hong Kong and Macao, as well as nine cities in Guangdon
g province: Guangzhou, Shenzhen, Zhuhai, Dongguan, Huizhou, Zhongshan, Foshan, Zhaoqing and Jiangmen.
In 2017, the 11 cities produced one-eighth of China’s gross domestic product while containin
g only 5 percent of the nation’s population and only 0.6 percent of China’s total landmass.
countries to join hands to develop space instead of choosing between China and the US, especially because after the end of the Cold War, international space cooperation has increased.
In fact, the International Space Station launched in 1998 has been operating thanks to the cooperat
ion between the US, Russia, Japan, some European countries, Canada and Brazil. The four maj
or satellite positioning systems — GPS (US), Beidou (China), GLONASS (Russia) and Galileo (Europe) — may also comple
ment each other to provide the most accurate positioning services. And once China and the US engage in a major sp
ace project, many other countries will join in and thus take space exploration to a new stage.
Sino-US space cooperation will stimulate the development of relevant industries and bring tangible benefits to the people. Space explora
tion will set in motion a series of space industries such as manufacturing, agriculture, resources, e
ergy and tourism. These may become new sources of growth for the world economy, promote industrial techn
ologies, and help address some global challenges such as climate change and energy depletion.
And the new products and services so generated will improve people’s lives and contribute to social progress.
Chinese consumers opened their wallet during Spring Festival, not only on things like digital home appliances and importe
d fresh food but also on experiences such as travel and entertainment, government figures showed.
Shopping, dining out, travel and entertainment accounted for most of the consumer spending during the week-long hol
iday. Analysts and officials said the strong domestic demand will inject further growth momentum into the eco
nomy in 2019 as the government unveils more policies to spur consumption.
Spending on retail and food services during the Spring Festival period, from Feb 4 to Sunday this year, exceeded 1 trilli
on yuan ($147.41 billion) for the first time, up 8.5 percent year-on-year, according to the Ministry of Commerce.
The ministry said a key term for Lunar New Year holiday spending was “seeking higher quality” as the government’s em
phasis on upgrading consumption continues. Emerging areas for spending such as the internet, customized pr
oducts, experiences, digital products and services were growth areas during the holiday.
ents and relatively low prices continue to attract young and first-time buyers, as
well as tenants. Sp
eaking in a range of accents, a substantial number of residents squeeze
into buses and the subway every morning and head to work.
Chen Mo is one of them. After studying in the capital for seven years, he chose to
settle in the city
after graduation. In 2001, he took a job with State Grid Corp, the national
Initially, Chen rented an apartment in
Huilongguan, a crowded community in Changping district,
10 kilometers west of Tiantongyuan’s center, that was well-known for its
Served by subway line 13, Changping’s relative ease of access to public
transportation attracted Chen, so he decided to buy an apartment there in 2010.
After months of research, he discovered that he could buy an apartment of more than 100 sq m in Huilon
gguan for 30,000 yuan per sq m, which would only be enough for a home of 50 to 60 sq m in other parts of the city.
“Property prices doubled in Huilongguan in just six months, so I made the down
payment in 2011 without any hesitation,” he said.
Many others followed suit, so a dense population and heavy traffic congestion quickly became the community’s default setting. Ho
wever, without any industry to provide jobs and with few high-quality schools,
many people chose to leave once they had made enough money.