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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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.
Hong Kong’s most prominent media tycoon Jimmy Lai was sentenced on Monday (9 February) to a total of 20 years in prison on national security charges. The verdict covers two counts of conspiracy to collude with foreign forces and one count related to publishing seditious materials.
Eight vehicles caught fire on Friday (6 February) outside a wholesale fish market in Hong Kong, sending thick black smoke over parts of the Kowloon peninsula, before firefighters brought the blaze under control, authorities said.
Hong Kong's High Court began hearing on Thursday a landmark national security trial of the three former leaders of a disbanded group that organised annual vigils marking Beijing's 1989 Tiananmen Square crackdown on pro-democracy protesters.
Pakistan said it carried out cross-border strikes on militant targets inside Afghanistan after blaming a series of recent suicide bombings, including attacks during the holy month of Ramadan, on fighters it said were operating from Afghan territory.
Italy said a fond farewell to the Winter Olympics on Sunday with an open-air ceremony in the ancient Verona Arena that celebrated art and sporting achievement at a Games lauded as a model for how to stage such events.
The United States and Iran will hold a new round of nuclear negotiations in Geneva on Thursday as part of renewed diplomatic efforts to reach a potential agreement, Oman’s Foreign Minister Badr Albusaidi announced on Sunday.
Islamic State claimed two attacks on Syrian army personnel on Saturday (22 February), saying they marked the start of a new phase of operations against the country’s leadership under President Ahmed al-Sharaa.
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Chinese travellers made an estimated 362.58 million cross-regional passenger trips on Monday, the final day of the Spring Festival holiday, according to official data.
Thousands of people gathered across Europe and beyond over the weekend in solidarity with Ukraine, as the war with Russia entered its fifth year.
A powerful winter storm has brought large parts of the U.S. Northeast to a standstill, dumping more than a foot of snow across several states and severely disrupting transport and daily life.
The United Nations mission in Afghanistan said on Monday it had received “credible reports” that at least 13 civilians were killed and seven others injured in overnight Pakistani airstrikes inside Afghanistan.
Police in Britain said Peter Mandelson, the former U.K. ambassador to the United States, has been released on bail after being arrested as part of a misconduct in public office investigation linked to the Epstein files.
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