HK can per­se­vere with cen­tral govt sup­port: of­fi­cial

Con­nec­tions with main­land will boost jobs, pros­per­ity

Global Times US Edition - - BIZUPDATE - By Li Xuan­min and Chu Daye

China’s cen­tral gov­ern­ment has shown strong back­ing for the Hong Kong Spe­cial Ad­min­is­tra­tive Re­gion (HKSAR) to help the city get through its dif­fi­cul­ties, Vice Min­is­ter of Com­merce Wang Bing­nan said on Tues­day, while vow­ing to sup­port Hong Kong’s lo­cal au­thor­i­ties in end­ing the vi­o­lence, restor­ing or­der and pun­ish­ing the per­pe­tra­tors.

The cen­tral gov­ern­ment im­ple­ments the “one country, two sys­tems” prin­ci­ple and sup­ports rule of law in the HKSAR gov­ern­ment. With the sup­port of the cen­tral gov­ern­ment, “we be­lieve that Hong Kong will get through the dif­fi­cul­ties,” Wang said at a meet­ing of the Main­land China-hong Kong Belt and Road Busi­ness and Pro­fes­sional Ser­vice Coun­cil on Tues­day, Hong Kong-based me­dia out­let takung­ re­ported.

Sup­port from the Chi­nese main­land can help Hong Kong re­sist head­winds and ex­pand busi­ness op­por­tu­ni­ties, Wang ex­plained. He also said that the Min­istry of Com­merce will help Hong Kong give full play to its ad­van­tages un­der the “one country, two sys­tems” prin­ci­ple.

“In de­vel­op­ing the Belt and Road Ini­tia­tive [BRI], rel­e­vant de­part­ments will keep in close com­mu­ni­ca­tion to strengthen co­op­er­a­tion be­tween the Chi­nese main­land and Hong Kong, and Hong Kong can play an im­por­tant role in pro­mot­ing the BRI,” Wang noted.

He also con­demned the re­cent ri­ots in Hong Kong, which he said not only se­ri­ously hurt Hong Kong’s rule of law, so­cial or­der and in­ter­na­tional prestige but also af­fect its pros­per­ity and stability.

“The Chi­nese main­land sup­ports Hong Kong in a com­pre­hen­sive way, not only in terms of pro­vid­ing eco­nomic stim­u­lus but also in help­ing end ri­ots in the city,” Liang Haim­ing, an economist at Hainan Univer­sity, told the Global Times on Tues­day. “We have 1.4 bil­lion peo­ple whose hearts are aligned with the Hong Kong po­lice and other law-en­forcers. And that’s where our con­fi­dence in end­ing the Hong Kong vi­o­lence comes from.”

Deeper eco­nomic in­te­gra­tion with the main­land, which of­fers more em­ploy­ment op­por­tu­ni­ties and bet­ter ca­reer prospects, can also al­le­vi­ate so­cial and eco­nomic prob­lems in Hong Kong amid the on­go­ing protests, ob­servers said.

Liang stressed that Hong Kong has thrived on deeper con­nec­tions with the main­land for decades, and will con­tinue to ben­e­fit from pol­icy div­i­dends from the main­land, such as the Greater Bay Area and BRI.

“The Greater Bay Area is home to about 70 mil­lion peo­ple, which could bring a mar­ket that is 10 times the size of that of Hong Kong for lo­cal en­trepreneur­s,” Liang said. He noted that Hong Kong en­ter­prises can also ben­e­fit from the BRI drive to ex­pand into over­seas mar­kets.

From tourism to re­tail to ser­vices, al­most all the ma­jor in­dus­tries in Hong Kong have been se­ri­ously crip­pled by the un­rest.

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