Hong Kong Policy announces change from security to economic growth.
Hong Kong will make an official announcement for ways to increase the city’s economy in the annual policy on Wednesday, as expectations to rebuild the financial centre since the struggle from COVID.
Slow functions in Hong Kong’s economy have a big impact in the Chinese economy. The city's economy expanded by 3.3% in the second quarter from a year earlier and is expected to grow 2.5-3.5% for the year.
Tourist numbers have increased since the pandemic, around 46 million people are expected to visit this year, although consumption and finance remain low, with stock listings not provided and the capital flight faces challenges.
Hong Kong's financial secretary announced on February new improvements with expanding property, tourism and financial services, stating the deficiency to the complex geopolitical environment and budget costs.
In the meeting held last month between China's top official on Hong Kong affairs, Xia Baolong and Hong Kong leader John Lee, Xia explained requirements of "reforms" to increase the economic growth, to be parallel with China's national strategy.
He requested for the Hong Kong government to "unite and lead all sectors of society" advising on reforms, along with businessmen to help in this matter.
One commentator in China Daily, a state-run news channel said Xia's speech is in need for "economic and social reforms".
Lee has mentioned the main goal for this year would be on the economic improvement and people's daily lives. His government added a new national security regulation in March which Lee stated it maintained.
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Thousands of visitors flocked to Hong Kong’s Cheung Chau island on Sunday for the annual Bun Festival, as crowds gathered to watch the famous “floating children” parade and prepare for the traditional midnight bun-scrambling competition.
Two Chinese-British dual nationals have been found guilty by a London court of spying for China. Chung Biu “Bill” Yuen, 65, and Chi Leung “Peter” Wai, 40, targeted prominent Hong Kong pro-democracy activists living in the UK, whom they referred to as “cockroaches.”
Residents displaced by Hong Kong’s deadliest fire in decades have begun returning to their damaged homes, hoping to recover belongings that survived the blaze.
The UK has pledged to step up engagement with Beijing after Hong Kong media tycoon and British citizen Jimmy Lai was sentenced to 20 years in prison, with the case resurfacing as a key issue following Prime Minister Keir Starmer’s recent trip to Beijing.
A group of Azerbaijani civil society organisations has called for increased scrutiny of Swiss building materials giant Holcim, citing court rulings and ongoing investigations linked to its subsidiary Lafarge's activities during the Syrian conflict.
The World Health Organization (WHO) says ongoing conflict, funding pressures and international travel restrictions are complicating efforts to contain a fast-growing Ebola outbreak in the Democratic Republic of Congo (DRC).
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 30 May, covering the latest developments you need to know.
Voting has begun in Malta’s parliamentary election, with opinion polls suggesting the ruling Labour Party is on course to win a fourth consecutive term.
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