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The HKSAR was rated the most competitive among 63 economies, followed by Switzerland, Singapore and the United States, the second year in a row to occupy the top spot, according to the International Institute for Management Development (IMD) World Competitiveness Yearbook 2017.

The Fed hasn't cut rates since 2008 at the height of the financial crisis.

The Hong Kong-Zhuhai-Macao Bridge promotes the development of the Greater Bay Area. WANG SHANGLIN/FOR CHINA DAILY

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The Global Competitiveness Report ranking is based on the Global Competitiveness Index, which was introduced by the WEF in 2005. Defining competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country, GCI scores are calculated by drawing together country-level data covering 12 categories - the pillars of competitiveness - that collectively make up a comprehensive picture of a country's competitiveness. The 12 pillars are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.

The Falcon Heavy is the most powerful rocket in use today. SpaceX will try to land two of the first-stage boosters back at Cape Canaveral and the core booster on an ocean platform.

The Group of Seven (G7) summit, which kicked off in Qubec city on Friday, is expected to be a tough meeting between the United States and its allies amid raising concerns over US tariffs on steel and aluminum imports.

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The Foreign Investment Law, adopted by the second session of the 13th National People’s Congress, the country’s top legislature, is designed to better protect the legitimate rights and interests of foreign investors in China, Li said at a news conference after the conclusion of the NPC session.

The Hong Kong General Chamber of Small and Medium Business said in a statement that implementation of the national security law will provide a stable business environment to restore normal operations in Hong Kong.

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The Hague, 16 October 2018

The Hang Seng Index began the week on a positive note, up 1.27 percent to finish at a new two-year high of 28,159.77 points. The offering sent Tencent's share 2.13 percent up to hit an all-time high of HK6.