Tuesday, October 3, 2023
 
 

Lam promotes Hong Kong in Davos as protests persist

- Advertisement -

Hong Kong’s chief executive Carrie Lam tried to convince the world’s leaders that the city she is in charge of is open for business.
“Because after seven months of unrest, what has proven to be resilient is Hong Kong’s institutions and governance”, Lam said at the World Economic Forum in Davos, Switzerland, where she has arrived with a team of top officials.
She also expressed her disappointment by ratings agency Moody’s decision to downgrade the city’s credit rating by one level: “I am even more disappointed by their assessment of the Hong Kong situation, and their comment on the weak institutions and governance”, she said.
Hong Kong has been in crisis for months. Protests in the city began when people took to the streets to reject a bill that would have facilitated extradition to China. They are often followed by brutal crackdown by security forces. The bill has since been withdrawn, but pro-democracy demonstrations have continued.
“We are resilient. We are stable and investors still have confidence in us. The rule of law is sound in Hong Kong”, one of Hong Kong’s officials told the media.
Last month, China’s president Xi Jinping expressed his “firm support” for both Lam and the Hong Kong government. The country’s ruling Communist Party also replaced Wang Zhimin, its official in charge of relations with Hong Kong. Analysts criticised the move, which is seen as Beijing’s attempt to take more direct control of the city’s policy.

- Advertisement -

Subscribe to our newsletter

Latest

Iran protesters mark anniversary of “Bloody Friday”

Residents in the southeastern Iranian province of Sistan and...

US announces Israel’s acceptance into the Visa Waiver Program

Israeli citizens will be allowed visa-free entry into the...

UN General Assembly 2023: More progress urgently needed on Sustainable Development Goals

The 78th United Nations General Assembly (UNGA) kicked off...

Don't miss

Iran protesters mark anniversary of “Bloody Friday”

Residents in the southeastern Iranian province of Sistan and...

US announces Israel’s acceptance into the Visa Waiver Program

Israeli citizens will be allowed visa-free entry into the...

UN General Assembly 2023: More progress urgently needed on Sustainable Development Goals

The 78th United Nations General Assembly (UNGA) kicked off...

Europe’s lawmakers see opportunity for regime change a year after Iran’s latest uprising

On September 21, representatives of various political groups held...

Can Central Asia escape China’s debt trap?

While Washington focuses on the war in Ukraine, Russia and China seek to expand their influence in regions where the US is not sufficiently...

Xi’s China could be more dangerous than Mao ever dreamed

China’s Communist Party, which has undergone a transformation back to its Maoist roots under Xi Jinping, has been caught off guard by the widespread...

Chinese operatives accused of supporting Huawei in the US

Chinese spies were conducting foreign intelligence operations to impede an ongoing investigation involving the technology and communications firm Huawei.

How China took over the WTO behind the West’s back

Last year marked the 20th anniversary of China’s entry into the World Trade Organization, a result that followed 15 arduous years of negotiations. Many...

Kazakhstan’s president proposes Constitutional reforms referendum

Kazakhstan’s President Kassym-Jomart Tokayev proposed on April 29 holding a referendum in the Central Asian country on the draft amendments to the Constitution and...

What South Korea’s new president means for Japan

On March 9, 2022, South Korean voters elected Yoon Suk-yeol – a former prosecutor turned politician from the main opposition People Power Party (PPP)...

Historical differences will not erode an advantageous 21st-Century Chinese-Russian partnership

The 21st century has seen the forging of “cooperative” relations between China and Russia, with the benefits of this new partnership outweighing the historical differences between...

High gas prices push up electricity cost in EU

High energy prices in recent months have drawn attention from the European Commission, highlighting the importance of energy security, especially in times when global...