Early childhood education in Hong Kong has become big business, attracting more entrepreneurs and increased investment in the industry. [Provided to China Daily] Trade wars and rising interest rates have taken away much of the shine of stocks and properties. If you, like many other Hong Kong investors, are thinking of selling out while the times are still good, you may want to know there's a new game in town that has whetted the interest not only of local entrepreneurs but also millionaire investors on the Chinese mainland. You don't have to be an educator or a social analyst to notice the obsession of many parents in Hong Kong and on the mainland with giving their toddlers a head start. Many children as young as two years of age are drilled by their eager parents to prepare for examinations to qualify for admission to some of the most prestigious nurseries and kindergartens. The strong demand has turned pre-school education into a big business, sucking up hundreds of millions of new investment funds from entrepreneurs, as well as investors who have grown wary of the stock and property markets. As a result, some of the better known play schools and kindergartens have become prized take-over targets. Even the special schools, especially those that teach local pre-school children usage of the English language, are in demand. Investors in pre-school education reportedly include young entrepreneurs who are interested in running the schools. There's no shortage of passive investors who are interested only in the earnings potential of these facilities. A mainland investor has reportedly bought a well-known kindergarten in Hong Kong because he can't get over the fact that he couldn't find a good kindergarten for his children when they were young. In Hong Kong, all kindergartens are privately owned and operated although they have to register with the government and subject to regular inspections by the Education Bureau. Since the introduction of the Quality Assurance Framework in 2012, the government regularly publishes a set of Performance Indicators for public reference. But, it's word of mouth that determines the popularity of a kindergarten. The more famous one can charge a fee of up to several thousand dollars per student. That's good business. the wristband factory
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Delegates listen to a speech by General Secretary Xi Jinping during the opening session of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing on Wednesday.[Photo by Xu Jingxi/China Daily] The ongoing 19th National Congress of the Communist Party of China has received messages of greeting from foreign leaders, political parties and organizations around the world. They speak highly of the Party's leadership as well as China's socio-economic development and global contributions, and express full confidence that the CPC will lead China to even greater success. The following is an edited summary of these messages. Gwede Mantashe secretary-general of African National Congress, South Africa The National Executive Committee of the ANC would like to wish the CPC well in holding its congress at a pivotal moment in the history of the CPC as it leads the Chinese people in building a moderately prosperous society in all respects while developing socialism with Chinese characteristics. Francois Ngarambe secretary-general of Rwanda Patriotic Front-Inkotanyi The Rwanda Patriotic Front-Inkotanyi ... recognizes the important historical landmarks and decisions of the Communist Party of China over the years, and wishes that the 19th National Congress will confidently lay out China's transformational path for yet another ... five years. Secretariat of the Council of Ethiopian People's Revolutionary Democratic Front China, over the past five years, has accomplished outstanding achievements in domestic and diplomatic affairs. The China-Africa cooperation has also been further strengthened in recent years via various rigorous cooperation mechanisms between the two sides. Nangolo Mbumba secretary-general of Southwest African People's Organization, Namibia (The) SWAPO party values and cherishes the role and contribution of the People's Republic of China to peace and economic development and transformation. Matteo Renzi secretary of Democratic Party, Italy China ... has become a leading (figure) on the global stage. The 19th CPC National Congress will inject more energy into China's future development. Mauro Lopes secretary-general of Brazilian Democratic Movement Party, or PMDB The PMDB ... wishes the 19th CPC National Congress ... success and hopes ... relations between China and Brazil will (have) more fruitful achievements. Pedro Gonzalez secretary-general of Democratic Revolutionary Party, Panama China has taken a huge responsibility for world peace, stability and prosperity. The achievements of the 19th CPC National Congress will help China play a more constructive role on the world stage. Farid Niyazov first deputy leader of Social Democratic Party of Kyrgyzstan Under the leadership of the CPC, China has successfully established the socialist market economy, made outstanding achievements in building a socialist country with a highly efficient economy, and promoted prestige at home and abroad. Gleisi Hoffmann leader of Brazil's Workers' Party and Monica Valente, the party's secretary for international relations China's positive contributions to global economic development and its expanding role in global governance have shown that China has been walking (with) firm steps on the path of development. Philip Mangula vice-chairman of Tanzania's Chama Cha Mapinduzi Party In the last five years, the CPC pushed forward a four-pronged comprehensive strategy and led the nation to its new accomplishments in various aspects of economic and social development. Jan Zahradil president of the Alliance of Conservatives and Reformists in Europe The role of the People's Republic of China in the contemporary world and its system of international relations is becoming more and more important ... Also we acknowledge the Belt and Road Initiative as one of the most impressive foreign policy initiatives of the 21st century. George A. Papandreou president of the Socialist International and former Greek prime minister In these turbulent times, the 19th National Congress of the CPC gives a strong message of unity, cohesion and determination to fight for peace, sustainable development and the creation of harmonious world societies.   Delegates listen to a speech by General Secretary Xi Jinping during the opening session of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing on Wednesday. Xu Jingxing / China Daily Jean-Pierre Raffarin former French prime minister The development strategy set by the 19th CPC National Congress not only concerns the Chinese people, but also will influence the whole world. The CPC has undertaken self-reforms to better serve the Chinese people and improved the working style of the Chinese government by fighting corruption. Stephen Perry chairman of Britain's 48 Group Club The last five years have seen President Xi Jinping lead China into a new quality developing economy ... It is one of the great economic achievements of the world and has placed the CPC as the world's leading economic development manager. James Sassoon chairman of the China-Britain Business Council There is every reason to be confident about the country's growth under the new leadership to be elected during the Congress (the 19th CPC National Congress) for the next five-year term. Richard Ssewakiryanga presiding officer of the Economic, Social and Cultural Council of the African Union China has set a model for the whole world in promoting the four-pronged comprehensive strategy and sticking to the five major development concepts of innovation, coordination, greening, opening up and inclusiveness. Those achievements China has gained are extraordinary. Abbas Zaki member of Fatah Central Committee and commissioner for relations with Arab countries and China Chinese President Xi Jinping has led his country onto an innovation-based development path, and striven to realize the Chinese Dream of great national rejuvenation by strengthening the rule of law and fighting corruption. Alicia Barcena secretary of UN Economic Commission for Latin America and the Caribbean The 19th CPC National Congress will certainly have a profound effect on the future of China and the whole world. Emomali Rahmon Tajik President and leader of the People's Democratic Party of Tajikistan China's amazing achievements in various fields and its rising international reputation are primarily attributed to the political leadership of the CPC. Isaias Afwerki chairman of the People's Front for Democracy and Justice and president of Eritrea The CPC has registered unparalleled and historic achievements in the past decades to catalyze China's inexorable and all-rounded growth as a major global power. Ukhnaagiin Khurelsukh prime minister of Mongolia The 19th CPC National Congress will make a series of historic decisions to boost China's economy, promote social development and improve the well-being of the Chinese people. Gordan Jandrokovic secretary of Croatian Democratic Union, speaker of the Croatian Parliament We are confident that the Congress of the Communist Party of China will help China further strengthen its position in the world, in the interest of the Chinese people and the international community. Ivan Brajovic leader of Social Democrats of Montenegro, speaker of the Parliament of Montenegro The 19th CPC National Congress will help push forward the building of a socialism with Chinese characteristics and lay a solid foundation for the building of a moderately prosperous society in all respects. Rasim Ljajic president of the Social Democratic Party of Serbia, deputy prime minister of Serbia Serbia is willing to learn the CPC's concepts on social development and core values, and enhance friendly relations with the CPC. Predrag Stromar acting president of Croatian People's Party-Liberal Democrats, deputy prime minister of Croatia Your hardworking people have created the second largest economy in the world and we would like to learn from your example. Toshihiro Nikai secretary-general of the Liberal Democratic Party of Japan It is hoped that Japan and China can enhance dialogue to further improve bilateral ties between the two countries. Choo Mi-ae leader of the Democratic Party in South Korea Under the leadership of General Secretary Xi Jinping, the CPC and the Chinese people can expect a more beautiful future after the 19th CPC National Congress. Milo Dukanovic leader of the Democratic Party of Socialists of Montenegro The 19th CPC National Congress is a significant event in China's politics, and will lay a solid foundation for the building of a moderately prosperous society in all respects. Averof Neofytou president of the Democratic Rally party in Cyprus I take this opportunity to highlight the important meaning of the 19th National Congress to the development of China and consequently to the rest of the world. We wish every success to the new Central Committee to achieve its goals which aim to the rejuvenation of China and its people. Georgian Dream - Democratic Georgia It is with great delight that we observe rapid economic and social development taking place in the friendly People's Republic of China. The CPC and its political leadership have truly been the source and in the vanguard of these profound and groundbreaking achievements witnessed in the PRC over last decades. The Georgian Dream - Democratic Georgia wishes to the delegates of the 19th CPC National Congress a productive work in the quest to achieve further economic, political, cultural and social progress in China. Adan Chavez Frias, vice-president of international affairs of the United Socialist Party of Venezuela The Central Committee of the CPC with Xi Jinping at its core has shown great respect for other countries' sovereignty and their people's rights for self-determination, and has insisted on solving disputes via peaceful means. The Venezuelan side has been paying great attention to the 19th CPC National Congress and admired the CPC for its success in finding a socialist path with Chinese characteristics. Julius Chan leader of the Papua New Guinea's People's Progress Party and former prime minister Indeed China under the prudent leadership of the CPC has transformed economic, social and regional and international relations in significant ways, building on the solid platform of industrial financial growth in China over the last three to four decades. Sodnomzundui Erdene chairman of Mongolia's Democratic Party and also a member of parliament Under the leadership of Xi Jinping, China has achieved remarkable results in both domestic and international fronts, and the Belt and Road Initiative proposed by Xi has won extensive support in Europe and Asia and is expected to give a powerful boost to regional prosperity. Nambaryn Enkhbayar chairman of Mongolian People's Revolutionary Party The Mongolian side believes that under the leadership of Xi Jinping, the CPC will lead the Chinese people to achieve even greater success in the journey to realize the great rejuvenation of the Chinese nation. Bayanjargal Tsogtgerel chairman of Mongolian National Democratic Party The CPC is an important political party enjoying high international prestige. Under the leadership of Xi Jinping, the CPC will lead China toward a very bright future. Hong Jun-pyo leader of Liberty Korea Party in South Korea China has achieved great results in socio-economic development over the past five years. The 19th CPC National Congress will open a new era and bring about even greater achievements for the party and the country. Sergei Stanishev president of Party of European Socialists The relationship between the PES and the CPC is based on a frank and critical dialogue which I particularly appreciate as the honesty of our exchanges reflects a real source of progress for common future prospects for a prosperous and harmonious world. Nils Usakovs leader of Latvia's Harmony Party Since the 18th CPC National Congress, under the leadership of Xi Jinping, China has adhered to the right direction for development and achieved remarkable progress. The various policy measures taken by the CPC have been proven effective. Korneliya Ninova chairwoman of the Bulgarian Socialist Party Under the leadership of the CPC, China witnessed a considerable improvement of people's livelihood as well as steady development of its economy and society. Lulzim Basha chairman of the Democratic Party of Albania The CPC National Congress will create a strong foundation for the Chinese Dream and the Belt and Road Initiative that will bring our parts of the world even closer. People's Progressive Party of Guyana On the occasion of your Party's (CPC's) 19th National Congress, the Central Committee of the PPP reiterates its unflinching support for the One-China Policy and reiterates its solidarity with the government and people of the People's Republic of China. Xinhua  
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