Hong Kong considers cargo

Article Abstract:

Hong Kong is loosening regulations on the air cargo industry, allowing increased flights by foreign carriers. The decision has been long-awaited by carriers such as United Parcel Service Inc., FedEx Corp. and Polar Air Cargo Inc. who have been seeking use of Hong Kong as a regional hub.

Government regulation, Scheduled Air Transportation, Air transportation, scheduled, Air Cargo Service, Laws, regulations and rules, Transportation, Air freight, Air freight services

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Hong Kong's edge over the mainland continues to erode

Article Abstract:

As Hong Kong braces itself for another recession, many consumers and businesses are looking to mainland China for cheaper prices. The unemployment rate of Hong Kong is 5.3%, and the city's budget deficit is expected to reach $6.41 billion, prompting the government to consider a goods and service tax.

Government expenditures, Taxes, Administration of Economic Programs, Economic Programs-Municipal, Economic aspects, Economic policy, Recessions

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