Hong Kong’s sea freight has dropped by as much as 24% because of the financial crisis.  Money Magazine talks to some of the shipowner to understand the forecasts of HK shipping indurstry. The latest G20 summit has been described by many as the G2, with China taking a more leading role along with the us. Bankers say the renminbi will also gain importance on the international stage in the coming years, with complete convertibility being predicted within the next 10 years. Beijing is being urged to step up its efforts to clean up its accounting and financial systems. Lastly, UK residential property fell by 20% across the nation form the peak of mid 2007. Many perople here in Hong Kong invested or showed interest in residential property in London particularly the central London. But letting agents warned that buyers should avoid some areas which is oversupply and big apartments which would be idle for quite a while.