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  • Sep 18, 2014
  • Updated: 3:16am

Chinese parliamentary sessions 2014

The annual Chinese "lianghui" of 2014, or plenary meetings of China's top legislative and consultative bodies, the National People's Congress and the National People's Consultative Conference, will take place in Beijing in early to mid-March. The NPC sessions are scheduled to begin on March 5, and the CPPCC meetings to commence on March 3. 

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CHINA

Beijing 'will do everything' to maintain Hong Kong's economic might, Li vows

As in previous years, Beijing will ensure territory's status as world financial hub, premier says

PUBLISHED : Thursday, 13 March, 2014, 2:37pm
UPDATED : Thursday, 13 March, 2014, 3:33pm

The mainland’s policies on Hong Kong remain steadfast, Premier Li Keqiang said as he vowed Beijing would “do everything” to help maintain the territory’s economic status.

He pledged the government’s support to the city – a sometimes recalcitrant ally – in maintaining its status as an international financial hub and shipping centre.

“[We will] do everything that benefits Hong Kong's prosperity. That’s what we did in the past, and [that holds true] now,” he said in Beijing on Wednesday, after the concluding ceremony of the National People’s Congress meetings.

“China’s policies to Hong Kong and Macau remain consistent and clear,” Li said.

The premier said Hong Kong played a key role in the country’s “opening up” economic policy, which began in the 1970s.

“Hong Kong has made significant contributions during reforms and the opening up of China,” he said. “Under the process of deepening reforms, Hong Kong will have more development opportunities.”

The premier also cited the city’s ability to weather the global economy’s ups and downs in recent years. “That means Hong Kong has a competitive economy,” Li said.

With the Hong Kong people’s fighting spirit, the city will maintain its edge amid increasing competition in the global market, he said.

Hong Kong, ceded by Britain to China in 1997, works under the “one party, two systems” policy which affords it autonomy in economic, legal and foreign affairs.

In recent months, Hong Kong and Beijing have grappled with the issue of implementing universal suffrage in the territory in three years. Hong Kong has also sought to douse anti-mainlander sentiments from small protest groups.

After months of tense speculation on whether Beijing would weigh in on the issue, the National People's Congress upheld the move towards suffrage as "according to law" and urged a "smooth implementation" of plans for direct elections.

However, Hong Kong lawmakers have been bogged down by bickering over the nomination process for the next chief executive -- whether to let the public or a special committee nominate the candidates.

 

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This article is now closed to comments

A Hong Konger
Make no mistake, it is not within China's interest to have a restive HK, but it is not within its interest to see us powerful and able to make demands. Historically China has sought to limit the power of its regions and acquiesce power as required but carefully creating new structures and relationships that will serve it's power, for if the CCP loses power, China is finished as they see it, so the stakes could not be higher. The severity of the measures taken to bring regions into line has a direct correlation with the population, relative power of the region and ethnicity of the populace, hence the Tibetan colony (poor, with 2m people and ethically disconnected) suffers whereas the HK colony is given more latitude, but in the long run we are subject to the same mass migration and domination, the Basic Law is their means to that end, it will not save us. If they can't turn us to China (which is impossible) they will slowly flood us with mainland migrants (a historic tactic) and try to make us economically irrelevant and powerless, this is their inevitable strategy. Therefore we must maintain INDEPENDENT economic power and avoid economic integration with China, we must unite to demand to choose our own destiny, to show China it is in their interest to let us run our own affairs, in return we will accept their sovereignty over us. The alternative is a slow death or a fight for independence. This is the structure we've inherited, everything else is unimportant.
superdx
What's the cost of maintaining HK's economic might? China is not even remotely benevolent. Fairly sure if it was spelled out, we'd prefer not to be artificially supported by our China masters.
sipsip1238
Oh ****...they are going to rename Shanghai to Hong Kong....that's how they're going to keep their promise.
blue
"Hong Kong, ceded by Britain to China in 1997, works under the “one party, two systems” policy which affords it autonomy in economic, legal and foreign affairs."

Nice little slip up in the article. One Party, Two Systems
babyhenry
Dont.
Just dont do anything. If HK goes doom let it be. If HK goes boom let it be. So perhaps the 2 groups of Hongkies who likes to give all credit or lay all blame on mainlanders will finally shut the hell up.
It also makes no sense for Beijing to pour any more of the hard earn money of mainlanders in HK whether HK is asking for it or not. pouring money into HK have only so far benefited the rich and corrupted from both sides . The poor in China that should be receiving these support urgently is somehow not, while the money being pour into HK are not trickling down to the middle and lower class in HK.
The money should be used wisely especially in times of economic adjustments, not to support Hong Kong's non existent economic might. Please dont be another grandpa Wen, we all remember how useful he is.
 
 
 
 
 

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