Word: kong
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...grew by a healthy 8.9% in the third quarter, from the same period a year earlier. Inflation in China "will rise faster than in most other major economies and will therefore justify earlier and stronger-than-expected rate hikes," wrote Jun Ma, an economist at Deutsche Bank in Hong Kong, in a September note. Concerns are also mounting that continued loose monetary policy in Asia could fuel dangerous and unstable asset price bubbles, especially in property. There has been some speculation in financial markets that South Korea's central bank could raise interest rates in the coming months to cool...
...Asian exports more expensive - a consequence policymakers in the region's trade-dependent economies might wish to avoid. "Unless you are really forced to do something independent of the Federal Reserve, you are probably not going to go that route," says Duncan Wooldridge, an economist at UBS in Hong Kong...
Lying on the grass at an outdoor music festival isn't the kind of activity most travelers associate with urbanized Hong Kong, but if you're in town on the weekend of Nov. 7-8, you might want to consider it. This being Hong Kong, the grass we're referring to is the expansive roof garden of a commercial podium at the city's digital hub, Cyberport. But no matter, Clockenflap, as the event is known, is a highly enjoyable "music and multimedia festival" now in its second year. It replaces the void left by Rockit, an annual band fest...
...Rockit opened doors and proved that a festival format was possible in Hong Kong," says Justin Sweeting, Clockenflap's artist-relations manager. "The fundamental difference is that Clockenflap is a festival with film, art and ecological components as well as music...
...timing is good," says David Zweig, director of the Center on China's Transnational Relations at the Hong Kong University of Science and Technology. "China has been very active to get as many commitments on energy around the world before the dollar devalues too much." In August, China signed a $41 billion contract to buy liquefied natural gas over the next 20 years from Australia. Last month, China's state-owned China National Offshore Oil Corp (CNOOC) entered talks with Nigeria to buy as much as one-sixth of the West African nation's proven petroleum reserves, the Financial Times...