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Consumer confidence levels rose slightly in Hong Kong in the first quarter of 2009, placing it behind Beijing but above Macau and Taiwan, according to a survey conducted by CityU.
City University of Hong Kong advocates applied research and emphasizes the transfer of knowledge and technology to industry and commerce because of their benefit to the community. To encourage applied research and to recognize those who excel in this area, City University has run the Applied Research Excellence Awards Competition since 1995.