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Analysts say move will encourage more international competition and grow industry

And speaking of this potential rivalry, GigaOm’s Om Malik has a great piece on how Google is not only taking on Amazon in several areas, but nearly every other tech giant. Check out his piece —?Google vs everyone: an epic war on many fronts — here.

Analysts said Hong Kong will become an even more attractive fund-raising market for businesses in the area where the technology and innovation sector is growing in an unprecedented pace.

An said that since last May, the number of travellers from the mainland to Taiwan had dramatically decreased over concerns of safety, after a series of accidents involving tourists.

Analysts said the robust domestic consumption power and concentrated traveling demands stemming from the summer vacation resulted in such a monthly figure and they forecast that the yearly consumer and factory pricing index will be well under control, despite the escalating Sino-US trade friction and the widespread global trading tensions.