London Daily

Focus on the big picture.
Saturday, Feb 22, 2025

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
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
UK Prime minister, Mr. Keir Starmer, has stated that any peace agreement aimed at ending the conflict in Ukraine "MUST" include a US security guarantee to deter Russian aggression
×