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Lam assures investors Hong Kong can rebound from protests


Added 09-11-19 03:04:02am EST - “Hong Kong Chief Executive Carrie Lam reassured foreign investors Wednesday that the Asian financial hub can rebound from months of protests, despite no sign that the unrest will subside. Lam told a forum on China's Belt and Road…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Lam assures investors Hong Kong can rebound from protests”. Below is an excerpt from the article.

HONG KONG (AP) — Hong Kong Chief Executive Carrie Lam reassured foreign investors Wednesday that the Asian financial hub can rebound from months of protests, despite no sign that the unrest will subside.

Lam told a forum on China's Belt and Road infrastructure initiative that Hong Kong is grappling with the double whammy of the prolonged US-Chinese trade war and the unrest involving mostly young demonstrators seeking democratic reforms.

Her promise last week to formally withdraw the extradition bill that sparked demonstrations since June failed to mollify protesters, whose demands have expanded to include direct elections for the city's leaders and police accountability. The unrest has become increasingly violent and threatens the semi-autonomous Chinese territory's reputation as a global financial hub.

Lam voiced confidence that rifts can be mended through government plans for dialogue and upholding the "one country, two systems" principle that gives Hong Kong some freedoms not enjoyed on the mainland after the former British colony returned to Chinese rule in 1997.

"We can find a way back to reasoned discussion, to social stability...after all, Hong Kong has been built and rebuild time and again on our indomitable resilience. Call it the spirit of Hong Kong and know that it will see us through," she told the forum.

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