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Archive for the ‘Economy’ Category
The economic situation in Hong Kong is actually quite bad

The economic situation in Hong Kong is actually quite bad

The economic situation in Hong Kong is actually quite bad,, definitely worse than 2003 SARS period. About 20% Retail shops at prominent locations are empty or in the progress of closing down. These shop spaces are normally very HOT. The photo shows a very prominent shop space at the main junction of Jordon. In Mongkok area,... 

Taxes to collect and taxes to let go

Taxes to collect and taxes to let go

How I hate this building. In years long past my nonchalance towards a citizen's responsibility to speedy settlement of personal taxes, coupled with my proclivity to procrastination, often ended up with me having to go down to the IRAS office to sort things out. The IRAS has a very simple and absolutely effective way of handling... 

Alternative to the US dollar

Alternative to the US dollar

I am still studying which of the following is a better alternative to the US dollar: a) Global currency b) International RMB (or e-CNY) which is different from domestic RMB. The global currency will need to be supervised by a few participating countries, e.g. BRICS. The e-CNY will be managed by China, but it has to be done fairly... 



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