President Xi Warns Hong Kongers of Red Line, Premier Li Promises No Hard Landing
July 3, 2017
As Americans gear up for the looming Fourth of July holiday, Hong Kongers too are pausing to commemorate a vital day in the city’s history. President Xi visited Hong Kong last week to mark the 20th anniversary of Hong Kong’s handover from Britain to China, an event that inspired publication of countless thought pieces on the contentious “One Country, Two Systems” relationship.
Other Chinese leaders made headlines last week. Speaking at the World Economic Forum in Dalian, Premier Li maintained China’s commitment to free trade and promised that country was not facing a hard landing, despite slowing GDP growth. China’s stock exchanges lent credence to Li’s promises. New data reveals that the country’s exchanges were responsible for 30% of IPO fundraising in 1H2017. Finally, the Asian Infrastructure Investment Bank’s new Aaa rating from Moody’s offers another argument for stability, placing the new organization on par with the World Bank and Asian Development Bank.
Topics covered: “One Country, Two Systems”, IPO fundraising, Asian Infrastructure Investment Bank, Hard Landing, China Mobike
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