UNBconnect... - China promises measures to boost Hong Kong economy

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Monday, 20 May 2013

China promises measures to boost Hong Kong economy

Reported by: AP/UNBconnect
Reported on: June 27, 2012 11:59 AM
Reported in: Business

News - China promises measures to boost Hong Kong economy

BEIJING, June 27 (AP/UNB) - China's Cabinet has announced measures aimed at boosting Hong Kong's anemic economic growth ahead of a weekend visit by President Hu Jintao.

The Cabinet said Wednesday it will promote Hong Kong's status as a center for offshore finance using the mainland's tightly controlled currency, the yuan. It promised to encourage closer trade, travel and investment links.

Hu is due in Hong Kong for weekend ceremonies marking the 15th anniversary of the end of British colonial rule in Hong Kong.

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