Beijing’s top man in Hong Kong has urged mainland Chinese enterprises to continue to increase their investments in the city and actively participate in the Northern Metropolis megaproject, saying they should shoulder more responsibility with greater contributions to public welfare and innovative reforms. Zheng Yanxiong, director of the central government’s liaison office in Hong Kong,…
Beijing is concerned that Hong Kong may need help from mainland Chinese companies in developing large cross-border projects amid a public deficit, analysts have said, after its point man on city affairs met local officials ahead of the annual budget address. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), on Sunday…
Resilience has become a hallmark of China’s economic strength in the face of challenges to recent growth targets. It has stood it in good stead once again in 2024, going by yearly economic figures from the National Bureau of Statistics. This sets a positive tone for the final year of the 14th five-year plan and…
China has approved 113 innovative drugs since its 14th five-year plan began in 2021, according to data shared at a forum in Shanghai on the development of the domestic medicine industry. The number of approvals already marked an increase of nearly three times over the previous five-year plan, and had reached a market scale of…