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The raised minimum wage in Hong Kong is supposed to help keep social peace in the city. The cost of living here is higher than almost anywhere else in the world. Critics complain about clientelism and fear rising numbers of people on welfare. The authorities, however, see employment as an intrinsic benefit to life, health and the spirit.
By Marcel Grzanna
The big boom for German companies failed to materialize after the Covid reopening. Still, they want to continue to invest. They also hope their concerns will be addressed in the upcoming government consultations.
By Jörn Petring
