Hong Kong’s economy and trade with the United States will benefit from greater stability and certainty brought by the summit between Chinese President Xi Jinping and his US counterpart Donald Trump, the city’s leader has said.
“Hong Kong is an externally oriented economy, susceptible to the influence of the main market,” Chief Executive John Lee Ka-chiu said on Tuesday. “More certainty and stability in the market will greatly reduce the impact of external turbulence on Hong Kong.”
Last week’s Xi-Trump summit saw the two leaders agree to build a “constructive China-US relationship of strategic stability”, with both sides signalling interest in deeper cooperation on trade, investment and artificial intelligence.
Xi is also expected to make a state visit to the US this autumn, his first in more than a decade.
Speaking ahead of the city’s top decision-making Executive Council meeting, Lee described the summit as historic and landmark, highlighting the consensus reached by the two leaders to maintain stable economic and trade ties, expand practical cooperation and properly address each other’s concerns.
“The consensus reached by the two heads of government injects more certainty and stability into the China-US economic and trade relationship and global economy,” Lee said, pointing to positive outcomes in tariff arrangements, trade and investment cooperation, market access and the purchase of goods.
“Such certainty and stability are beneficial to Hong Kong’s economic and trade development, beneficial to Hong Kong-US trade, and also beneficial to world trade.”
