Chinese Vice-Premier He Lifeng urges Hong Kong to be 'self-assertive' on 3 paths to reform

November 19, 2024--State leader says city should deepen financial reforms, expand cooperation and opening up and dovetail with national developments
Chinese Vice-Premier He Lifeng has pledged Beijing’s backing for Hong Kong to strengthen its standing as an international financial centre, urging the city to be self-assertive amid geopolitical uncertainties and to press on with reforms as he set out three directions to unleash its full potential.

Opening the three-day Global Financial Leaders’ Investment Summit on Tuesday, the state leader spelled out three areas of focus for Hong Kong’s financial sector. First, it should deepen reforms and innovate to boost competitiveness; second, expand cooperation and opening up; and third, dovetail its plans with national developments to further strengthen the foundation of Hong Kong's future financial development.

China's Economy Has Not Peaked

January 7, 2025--Chinese policymakers should allow for a more market-driven allocation of land, money, and labor.
Summary
China's GDP is growing. Youth unemployment is down. And the property-market crisis is moderating. But the economy's dynamism is missing.