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China promises measures to boost HK economy

China’s Cabinet announced measures on Wednesday aimed at boosting Hong Kong’s anemic economic growth as the semiautonomous territory prepares for a weekend visit by Chinese President Hu Jintao. The Cabinet promised to promote Hong Kong’s status as a centre for offshore finance using the mainland’s tightly controlled currency, the yuan. It said it would encourage closer trade, travel and investment links.
In Markets

China promises measures to boost HK economy

China’s Cabinet announced measures Wednesday aimed at boosting Hong Kong’s anemic economic growth as the semiautonomous territory prepares for a weekend visit by Chinese President Hu Jintao.

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