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China and the US will soon resume negotiations after the two sides agreed to a trade truce at a bilateral meeting on the sidelines of the G20 summit in Japan, sending positive signals and prompting global markets on Monday, showing that sound and sustainable bilateral relations are widely anticipated and welcomed by the global community, official and analysts said.
After US President Donald Trump pledged not to add more tariffs on Chinese products and claimed that the trade talks between the world’s two largest economies are now back on track, major markets surged on the first trading day after the summit. Asia stocks rallied on Monday as US futures spiked. Both offshore and onshore, the Chinese yuan surged against the US dollar and oil futures also gained. The Shanghai stock exchange gained 2.22 percent and closed at 3,044.9, reaching
experienced some changes and ups and downs in political, economic and social areas. “Yet, Hong Kong has, generally speaking, remained stable and prosperous,” she said.
Unfortunately, violence also emerged. Some protesters clashed with residents who gathered to celebrate the anniversary and had also tried to interrupt the flag raising ceremony.
On Monday night, the protesters smashed windows and stormed in, occupying and vandalizing the Legco chamber. The protesters had been spraying slogans on the walls, damaging official portraits and symbols and attacking surveillance cameras, local radio RTHK reported.
Hong Kong police said they were ready to move in to clear the area around the Legco chamber. They severely condemned the violent attack and also appealed to unrelated protesters to leave the vicinity.
Tian Feilong, an expert on Hong Kong and an associate professor at Beihang University, said “the constant violence the protesters have stirred proves that a majority of them wanted to disturb Hong Kong. All the reasons such as human rights or the extradition bill are their excuses and their true purpose was to create trouble and further harm Hong Kong’s stability,” Tian said.
Tian said the regional government and police, and the central government should enforce the law firmly and quickly put down the riot. Otherwise, the continuing turmoil will seriously jeopardize Hong Kong.
Hung criticized the violence. He said that most demonstrators peacefully expressed their demands, but a small group of the radical forces, wearing masks, paralyzed traffic and stormed the Legislative Council Complex. They should be punished according to law.
“They [the violent protesters] were crazy! The HKSAR government has suspended the extradition bill but they spread rumors that the regional government will resume discussions on it to incite residents. Their extreme behavior also harmed peaceful appellants,” Nixie Lam, a Tsuen Wan district councilor, told the Global Times, noting that protest is about appealing, not demonstrating which is more violent.
“The anti-establishment legislators of Hong Kong have opened Pandora’s Box. They are now inciting the youth to win votes, which has harmed regional peace and stability,” Nixie Lam said.
The Chinese Foreign Ministry on Monday slammed interference in Hong Kong affairs by foreign forces.
Spokesperson Geng Shuang said the UK no longer has any responsibility for Hong Kong after it returned Hong Kong to China on July 1, 1997, and the UK needs to stop “gesticulating” about the city.
Geng made the remarks after the UK said the Sino-british Joint Declaration remains in force and is a legally valid treaty which it is committed to upholding, a point repeated by British Foreign Secretary Jeremy Hunt on Sunday.
On Monday, many people from the Chinese mainland also expressed their support for Hong Kong and recalled the glorious moment when China resumed its rule over Hong Kong in 1997 on social media platforms.
Many netizens expressed their hope that Hong Kong will have a brighter future and the mainland and Hong Kong can be more united and stand closer in the future.
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Tian said that the city cannot solve the problem and create enough opportunities by only using its own resources, which means the economic integration with the mainland is crucial, and that’s why the central government attaches great important to the Guangdonghong Kong-macao Greater Bay Area strategy.
Analysts stressed that as an important juncture along the route of the Belt and Road and a central city in the Greater Bay Area, Hong Kong will embrace more opportunities. They noted as the reform and opening-up is being pushed forward, there will be greater room for Hong Kong to capitalize on its unique advantages.