Word: honge
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...image of an old wooden junk with orange sails is ubiquitous in Hong Kong lore. It's on matchbooks, advertisements and postcards in this famous port city, but the traditional wind-powered Chinese boat cruising Victoria Harbor is a rare site these days. The reality is a bit less picturesque: the second busiest port in the world is filled with diesel-powered ships, ferries and fishing boats that belch toxins into the infamously polluted Hong Kong skyline...
...That could be changing. Early next year, four new solar hybrid ferries will set sail in the Hong Kong harbor, using solar collectors to power an electric engine that will shuttle Hong Kong Jockey Club members to the Kau Sai Chau Public Golf Course. It's a modest start to cleaning up the city's smog, but if the ferries' owners at the Jockey Club, a nonprofit that holds a monopoly on gambling in Hong Kong and runs the golf course, demonstrate that the solar-powered ferries actually save the organization money, private businesses are likely to jump on board...
...With a dense population near the city's ports, the problem of shipping-related emissions is particularly acute in Hong Kong, where 60% of people say they've suffered health problems because of air pollution. But anyone living near a shipping lane is at risk. An estimated 60,000 people die annually from global shipping emissions, according James Corbett, a professor of marine policy at the University of Delaware, who along with five others calculated the concentration of pollutants due to ships and then estimated the number of extra deaths caused by the additional exposure. If nothing is done...
...hand-holding with longer item descriptions. "We've been representing brands 100% as they are, especially at the beginning," says Alberto Torrado Martínez, CEO of Alsea. "We don't tropicalize anything. Mexicans are going to try something they haven't tried." (Read "Can 7-11 Win Over Hong Kong Foodies...
...which are usually private owned. The result is that while profits are climbing for large, state-owned firms, the private sector is lagging. "The biggest challenge for the authorities is that the private sector has yet to fully recover. This makes it difficult to tighten early," Ben Simpfendorfer, a Hong Kong-based China economist for RBS, wrote in a research note. "It also funnels money into equity and housing rather than the real economy. The temptation will be to leave policy too loose, for too long, resulting in another asset price bubble...