Mark Aitchison Young, governor of the colony between 1941 and 1947, proposed political reform in Hong Kong in 1946. He called for the establishment of a municipal council comprising a majority elected from among the public at large. The proposal was shelved in 1952 under Young's successor, Alexander Grantham.
Many developing nations still lack the infrastructure crucial to widespread adoption of e-commerce.
Many growth opportunities for the company come from BRI-related countries and regions where demand for modern port infrastructure, professional port operators and logistics is surging.
Market research firm IHS Markit predicted earlier this year that around 14.5 million autonomous cars will be sold in China by 2040, on a total global volume of around 33 million.
Mark Moody Stuart, vice-chairman of the United Nations Global Compact, said the business sector is able to find business opportunities by partnering with governments to pursue the goals, for instance by investing in infrastructural construction.
Mark Connors, global head of portfolio and risk advisory at Credit Suisse, told Reuters this week that the action among macro and CTA funds reflects a risk-aversion trade, as net long positions have dropped from near five-year highs to roughly even exposure between longs and shorts.
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Mastercard is in the process of applying for a business license in China. It already serves millions of Chinese people visiting other countries for travel, business or education, by facilitating payments between the banks of merchants and banks or credit unions that issue branded debit and credit cards.
Many carmakers have said they may have to raise the prices of their vehicles to compensate for the subsidy cuts, although few have worked out a detailed plan.
Mascots of Beijing's Palace Museum, Zhuangzhuang (left) and Meimei. [Provided to China Daily]
Many local craftsmen continue to do business in the district after the renovation, including silversmith Wu Jinglan and her husband, who have been doing business in Silver Lion Alleyway for 21 years.