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Trade --- Hong Kong, China

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Under Action 14, countries have committed to implement a minimum standard to strengthen the effectiveness and efficiency of the mutual agreement procedure (MAP). The MAP is included in Article 25 of the OECD Model Tax Convention and commits countries to endeavour to resolve disputes related to the interpretation and application of tax treaties. The Action 14 Minimum Standard has been translated into specific terms of reference and a methodology for the peer review and monitoring process. The peer review process is conducted in two stages. Stage 1 assesses countries against the terms of reference of the minimum standard according to an agreed schedule of review. Stage 2 focuses on monitoring the follow-up of any recommendations resulting from jurisdictions' stage 1 peer review report. This report reflects the outcome of the stage 2 peer monitoring of the implementation of the Action 14 Minimum Standard by Hong Kong, China.

Taxation --- Hong Kong, China

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This 2023 Article IV Consultation discusses that the economic recovery in Hong Kong Special Administrative Region (SAR) stalled in 2022 following a major coronavirus disease 2019 outbreak and U.S. monetary policy tightening. However, in 2023, real gross domestic product is projected to grow by 3.5 percent. The financial system remains resilient and continues to serve as an international financial center, supported by strong institutional frameworks and substantial capital and liquidity buffers. The Linked Exchange Rate System continues to function smoothly, providing a solid anchor to the economy and the financial system, allowing the latter to perform its role as an international financial center. Housing prices, which declined by about 16 percent by end-2022 from the peak in September 2021, have started to recover in early 2023. Near-term risks to the growth outlook are balanced, with systemic risk in the financial sector manageable given significant buffers. A sharper-than-expected global growth slowdown as well as escalation of regional conflicts and resulting disruptions in trade could derail the recovery. A sharp rise in global risk premia amid renewed stress in the global banking system and further tightening of monetary policy in major advanced economies could have adverse spillovers through financial channels.

Hong Kong Special Administrative Region, People's Republic of China

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This book goes on beyond the British departure and explains how the Chinese Government's decision to retain the political system of the colonial era handicapped the new leadership in responding to the changing political and social expectations of the community.

Industrial policy --- Business and politics --- Hong Kong (China) --- Politics and government. --- Economic policy.

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Hauptbeschreibung Globalization is regarded as the key driver of growing container trade activities due to economic development. With a technology relying heavily on the combustion of fuel, international shipping is responsible for 2.7 percent of total world emissions and ocean transportation is becoming increasingly linked to environmental problems. The concepts of sustainability and greener shipping are expected to be the prime focus of transportation in the coming decades, but the impending developments require a deep understanding of the emission impact and costs related to the

Air --- Container ships --- Merchant marine --- Shipping --- Pollution. --- Environmental aspects. --- Hong Kong (China) --- Economic conditions --- Research.