LEE HAN SEONG (Bill) 2010555699 Potential advantages of the minimum wage law in Hong Kong Implementation of a reasonable amount of minimum wage is necessary for the current situation in Hong Kong. Minimum wage law prohibits workers or employees hired for less than a given hourly‚ daily or monthly minimum wage (Filion‚ 2009). Hong Kong is facing a difficulty of wealth gap. Although Hong Kong has a great reputation of the financial hub and one of the most affluent cities‚ its wealth gap is the
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Hong Kong jewellery industry can be divided into two main categories: precious metal jewellery and imitation jewellery. In terms of production and sales volume‚ precious metal jewellery gets the lion’s share. Manufacturers in Hong Kong are specialized in creating contemporary design jewellery set with diamonds‚ precious and semi-precious stones as well as pearls. Jewellery “made in Hong Kong” is highly renowned all over the world and attains a higher standard of craftsmanship over their counterparts
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The Hong Kong Umbrella Revolution is the largest protest in Hong Kong since 1989. This protest had drawn world media attention even overshadowed every international news. The major cause of this revolution is the mutual trust between Hongkongers and Chinese government are going from bad to worse. Hongkongers has accumulated their discontent over years and it made the "White Paper" became the fuse of Umbrella Revolution. In fact‚ there are many reasons causing this protest happened‚ in a simple way
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Mainland Chinese in Hong Kong: Issues of Inclusion Everyone in Hong Kong should have heard of the mainland parallel-goods traders who discriminated by the local citizens. The MTR Corporation’s new policy setting limit to the weight of the luggage and the demonstration against the traders held by the local citizens are some of the evidences showing the discrimination against the mainland Chinese in Hong Kong (Lee & Lo‚ 2012). Actually‚ the mainland Chinese settling in Hong Kong faces lots of barriers
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applications is the formulation of the Legislative Council (LegCo). Another assumption is that the major development in Hong Kong is the economic development. Hong Kong is reputed to be a worldwide international financial centre and ranked the first in the world of being the freest economy. So‚ Hong Kong relies much on the economic development. In addition‚ the party system in Hong Kong is multiparty that considered as a coalition government.2 What is political party? The political party is made
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Is Australian dollar is substantially overvalued? No. As we know‚ the BMI is based upon the price of a Big Mac in one country relative to another country‚ and comparing that with their exchange rate. However‚ is the BMI a reliable method? It has a major flaw; that of which it does not account for non-tradable goods. The index assumption that the costs of the goods are the same and purchasing power parity would hold‚ but that is not always the case. The BMI fails to account for non-tradable goods
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The Trillion Dollar Question November 9‚ 1989. As the Berlin Wall fell and the Iron Curtain was lifted from Europe‚ the ever looming threat of nuclear annihilation was too lifted from the world. It appeared to be the dawning of a new era of global cooperation and prosperity. However this thin veil of peace was short lasting. A new century brought new threats: Chinese aggression in the South China Sea‚ Iran’s pursuit of nuclear weapons‚ the Russian annexation of Crimea. However the new century also
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I choose to do my financial analysis on Dollar General. Dollar General is one of the largest discount retailer in the United States‚ they have over 12000 stores in over 40 states. Dollar General allow consumers to save time and money by offering quality items at an everyday low price. (Dollar General‚ 2016) Dollar General is one of many retailers who offer quality products made by American manufacturers. In 2009‚ Dollar General once again became a public traded company‚ before that they were
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Trends in the retail industry I) Retail sales: overview For the period January-April overall retail sales have increased by 0‚7% in 2014 (from HK$172‚3m to HK$173‚ 5m): The small increase in retail sales in mainly due to the 14‚3% growth rate that occurred in January 2014. For three consecutive months retails sales have experienced negative growth with a peak of -9.8% in April 2014 as shown in the graph below. Retail
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Fook Tong” is one of the famous manufacturers and retailers of traditional herbal tea in Hong Kong which has over 70 retail shops with more than 700 staff members‚ self-invested factories in Hong Kong and Shenzhen and a sales network with extensive coverage. Mainly it serves customers with various kinds of Herbal Tea‚ Herbal soups‚ other non-herbal beverages‚ and snack (like dim-sums and sausages) on a price range of $8-$250. HFT also set up point of sales in the USA‚ Canada‚ Australia‚ England
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