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9 January: The government formally grant Caritas Institute of Higher Education university status and rename to Saint Francis University, this will be the first catholic university in Hong Kong. [2] 29 January: The High Court of Hong Kong orders Evergrande Group into liquidation after the real estate developer fails to restructure a debt amount ...
In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the Great Recession. [33] By the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York City and Rotterdam in terms of container throughput. Hong Kong is a full Member of the World Trade Organization. [34]
Hong Kong's economy contracted 1.4% in the second quarter from the same period a year earlier, advance government data showed on Monday, as exports and investments remained sluggish, and COVID-19 ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
The property giant Evergrande, whose default in late 2021 helped trigger the crisis, has been ordered to liquidate by a Hong Kong court. Other Chinese developers are facing their own liquidation ...
Updated December 29, 2024 at 7:30 PM. ... An aerial view of people standing near destroyed and damaged buildings in the aftermath of Hurricane Helene flooding on Oct. 8, 2024, in Bat Cave, North ...
(October 2024) (Learn how and when to remove this message) As of 2025 [update] , the New York metropolitan area is the world’s principal fintech and financial center [ 1 ] [ 2 ] and the largest metropolitan economy in the world, with a nominal gross metropolitan product of over US$2.5 trillion.
Hong Kong's economy contracted 1.3% in the second quarter from the same period a year earlier, government data showed on Friday, following a weak performance in external trade during the period.