Beijing unmoved by massive rally turnout, say advisers
As fallout from protest spreads, advisers warn of social and financial crisis if conflict over the city's pro-democracy movement escalates

Beijing is unlikely to make concessions on political reform despite demands by hundreds of thousands of people who joined the July 1 pro-democracy march, according to state media and advisers to the central government.
Financial authorities also called on the city to guard against economic instability in the face of possible disruption by the Occupy Central movement, with one adviser warning of "bloody conflicts" if confrontation between Beijing and Hongkongers worsened.
"It is difficult for the central government to change its stance simply because of the massive turnout," Professor Lau Siu-kai, vice-chairman of the Chinese Association of Hong Kong and Macau Studies, said. "I'm worried the escalating confrontation between Beijing and Hongkongers could result in bloody conflicts."
The Civil Human Rights Front, organiser of the annual march, put the turnout on Tuesday at 510,000, while police said 92,000 started the march in Victoria Park.
Watch: Hong Kong's July 1 democracy protests see massive turnout