London Daily

Focus on the big picture.
Monday, Jul 13, 2026

Hong Kong leader seeking Beijing's help for ailing economy

Hong Kong leader seeking Beijing's help for ailing economy

Hong Kong Chief Executive Carrie Lam said Monday she will fly to Beijing to ask Chinese leaders for help to pull the territory out of its economic slump.
Lam said an annual speech she was due to make this week about government plans will be postponed until she returns from Beijing. She said she would go this month but gave no date.

Lam's announcement came just two days before her policy address at the start of the local legislative session was scheduled to take place. There are reports that Chinese President Xi Jinping will soon travel to the southern Chinese city of Shenzhen, which borders Hong Kong, to commemorate the 40th anniversary of its status as a special economic zone.

Lam also will travel to Shenzhen for the commemoration activities but she said she has no scheduled meetings with Xi there.

The leader of Hong Kong, a semi-autonomous Chinese territory, typically gives a policy address at the start of each legislative year.

Although Lam said that convention was not "cast in stone", it is the first time that the policy address has been postponed in the city's history. Last year, Lam gave the policy address online via video-conference after she was heckled by pro-democracy lawmakers while attempting to give her speech in the legislative chamber.

Lam said she is seeking Beijing's support for several measures she proposed to help boost the economy, which contracted 9% in the second quarter of this year, marking a full year of recession due to last year's anti-government protests and the pandemic.

Lam said support from Beijing would help her to give a speech later in the year that would boost confidence in the city's economic future.

"For our economy to revive, we need the support of the mainland. We have to better integrate into the national development plan," she said.

"It is an indisputable fact that Hong Kong's economic growth is very related to what we are going to do in our work with the mainland economy," Lam said.

Lam told reporters she will travel to Beijing in late October to attend meetings with various ministries and commissions and see if the central government will support her proposals. She declined to give details.

"The supporting policies of central authorities would go a long way to boosting the confidence in our economy as well as the revival of economic activity in Hong Kong," she added.

Confidence in Hong Kong's semi-autonomous status, promised to the city when Beijing took control of the former British colony in 1997, has been shaken as mainland authorities moved to impose a national security law over the territory this summer.

Lam's decision to delay her speech was seen by some critics as evidence she is too beholden to Beijing.
Newsletter

Related Articles

0:00
0:00
Close
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
Passenger Is Pulled Partly Outside Ryanair Jet After Window Fails Mid-Flight
Innovation-led growth strategy
Public service reform pressure
Defence and industrial security
Labour leadership transition and economic reset
Northern England Pushes for Greater Influence in Britain’s Future Economic Model
UK Technology Strategy Focuses on Life Sciences, Digital Innovation and Research Investment
Britain and United States Maintain Focus on Pharmaceuticals Cooperation and Industrial Growth
UK Public Services Face Continued Pressure as Government Promises Visible Improvements
Regional Economic Power Becomes Key Theme in Britain’s Next Political Phase
Britain Expands Support for Small Businesses as Firms Seek Better Access to Finance
UK Economy Remains Central Political Challenge as Cost of Living and Growth Concerns Persist
National Health Service Introduces New Workplace Reviews to Improve Conditions for Healthcare Staff
UK Life Sciences Sector Secures More Than Three Billion Pounds in Investment to Support Innovation
Britain Strengthens Defence Strategy as Security Concerns Reshape Military and Industrial Policy
Andy Burnham Promises Stronger UK Defence Industry and Expanded Domestic Production
UK Government Faces Difficult Spending Choices as Labour Leadership Transition Approaches
Rachel Reeves Warns Andy Burnham of Immediate Economic Challenges After Expected Leadership Change
Andy Burnham Prepares to Lead UK Government With Plans for Regional Power Shift and Economic Reset
Government Creates Emergency Support Scheme for Financially Struggling Universities
United Kingdom Replaces Traditional Farm Subsidies With Payments Linked to Environmental Performance
National Grid Reports First Week of Electricity Generation Without Fossil Fuels
United Kingdom Financial Regulator Introduces Tougher Capital Rules for Cryptocurrency Exchanges
Belfast Harbour Expands Operations to Attract Investment Through United Kingdom and European Union Market Access
Scottish Government Threatens Legal Challenge Over Westminster Cuts to North Sea Transition Funding
United Kingdom Accelerates Trans-Pennine High-Speed Rail Project Linking Northern Cities
United Kingdom Secures Ten Billion Pound Investment for Cambridge Quantum Computing Campus
Port Talbot Steelworks Wins Support for Green Hydrogen Transition and Protection of Industrial Jobs
United Kingdom Sends Royal Navy Carrier Strike Group to Indo-Pacific as Regional Security Focus Expands
National Health Service Expands Artificial Intelligence Diagnostics Across England to Reduce Screening Backlogs
United Kingdom Launches Fifty Billion Pound Infrastructure Fund to Accelerate Housing and Construction
UK Medical Chiefs Update Health Guidance to Promote Everyday Physical Activity
Office of Communications Keeps Wikipedia Under Review Under UK Online Safety Rules
UK Defence Ministry Expands Deep-Strike Capability Through Precision Missile Programme
Russell Group Universities Warn Funding Cuts Could Damage NHS Workforce Training
UK Parliament Calls for National Emergency Broadcast as Heatwave Conditions Intensify
UK and Netherlands Strengthen Naval Cooperation With New Amphibious Defence Partnership
UK Defence Ministry Joins International Missile Programme With One Hundred and Ninety Million Pound Investment
Bank of England Warns Middle East Conflict and AI Risks Could Pressure UK Economy
UK Government Introduces New Rules to Limit Foreign Influence in Political Donations
UK and France Prepare Naval Mission to Protect Shipping Through Strait of Hormuz
United States Pressures UK to Increase Defence Spending at NATO Summit
Bank of England Warns Artificial Intelligence Investment Boom Could Create Financial Stability Risks
Bank of England Begins Direct Oversight of Critical Technology Providers Supporting UK Finance
Andy Burnham Set to Become UK Prime Minister After Labour Leadership Race Clears Path to Downing Street
Scottish Fishing Industry Calls for Emergency Support Amid Rising Costs
UK Supports Stronger European Response to Russian Actions in Ukraine
Devon and Cornwall Police Release Suspect in Ann Widdecombe Murder Investigation
×