lørdag 28. september 2024

China calls on Hong Kong tycoons to help kickstart national economy

The ruling Chinese Communist Party has called on Hong Kong's leader to mobilize the city's wealthiest families into kick-starting economic growth, although signs that any are answering the call have been thin on the ground. Xia Baolong, who heads the ruling party's Hong Kong and Macao Work Office, "expressed the hope that all sectors of Hong Kong society, especially the business community and entrepreneurs, will unite as one and seize the opportunity to strive for economic development," the city's Chief Executive John Lee told reporters following a Sept. 20 meeting with Xia, as he attended an investment cooperation conference in Beijing.

Hong Kong's business community should "transform their love for their country and for Hong Kong into concrete and practical action, and work together to promote Hong Kong's ... prosperity," Xia told Lee during the meeting.