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Hong Kong restaurateurs expect earnings from family reunion dinners in the lead up to Lunar New Year to either remain stable or decline compared with last year despite an increase in bookings, citing a weak economy and a preference among customers for more affordable menu options. Lee Kwong-hoi, CEO of Star Seafood Restaurant Group, which runs 14 outlets across Hong Kong, said while bookings for reunion dinners have risen 10 per cent year-on-year but menu prices continue to hover around HK$3,000...
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China’s premier has vowed the country will consolidate its advantages in traditional industries like rare earths while also striving to accelerate innovation in frontier technologies such as artificial intelligence, as Beijing prepares to unveil its latest five-year plan. Premier Li Qiang made the call during a visit earlier this week to Ganzhou in the central Chinese province of Jiangxi – one of the world’s largest production bases for heavy rare earth elements, a strategic resource essential...
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