On the other hand, counter-cyclical measures have strengthened since August, Xie said, adding that he expected the fiscal policy to render more support to the economy than the monetary policy, given the pressure from rising consumer inflation on the latter.
On the one-year anniversary of President Xi Jinping's visit to the Hong Kong SAR last July, Fok said he hoped the delegation's visit to the mainland could raise the sense of national identity among the youth in Hong Kong and nurture their pride in the nation.
On a yearly basis, medical and health care prices ticked up 4.6 percent, transport and communications prices gained 3 percent, while costs of accommodation rose 2.4 percent. Educational, cultural and recreational prices increased 2.3 percent.
On Wall Street, stocks opened the second quarter of 2020 with a selloff on Wednesday, with investors fearing the impact of the coronavirus on the US economy.
On the forced technology transfer in joint ventures in China, he argued that US and other multinational corporations willingly enter into these legally-negotiated arrangements for commercially sound reasons -- not only to establish a toehold in China's rapidly growing domestic markets, but also as a means to improve operating efficiency with a low-cost offshore Chinese platform.
On Tuesday, Hong Kong reported 10 new confirmed cases of infection of the coronavirus, all linked to overseas travel, bringing the total to 167.
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On Tuesday, Huawei unveiled the latest phones in its Honor 20 series at a global launch event in London.
On my last visit, I met a group of young Chinese entrepreneurs. It was truly impressive to see their spirit and dedication.
On Wednesday evening, the number of COVID-19 cases in the country was 49,391 and the death toll was 1,694.
On Wednesday, West Texas Intermediate crude, the guideline for US prices, rose one cent to .82 a barrel. Brent crude, the worldwide benchmark, dipped 31 cents to .26 a barrel.