Premier pledges support for HK: Beijing calls on the SAR to increase economic growth

CHINA’S premier (總理), Li Keqiang (李克強), has called on Hong Kong to grab the chance to drive its economic growth and retain its global competitiveness.

Li told Chief Executive (行政長官) Leung Chun-ying (梁振英) at a meeting in Beijing that the central government is monitoring Hong Kong’s modest economic growth, which is not easy given the prevailing global environment.

“As the global economic recovery has remained difficult and persistent, it is not easy for Hong Kong to achieve modest economic growth, while the unemployment rate has remained at a low level,” Li said.

“But as [the mainland] has been deepening reform and further opening up the market, it has provided an economic opportunity for Hong Kong.” To pursue mainland economic development, Li said the central government will use Hong Kong’s financial experience as a reference.

“[Beijing] hopes that the SAR government will grab the chance and deal with challenges,”he said. Li said the central government will continue to support Leung’s administration. It will also uphold the principles of ‘one country, two systems’ and ‘Hong Kong people governing Hong Kong’.

The central government will do its “best for anything that is beneficial to the wellbeing and prosperity of the territory,” he stressed.