Crisis Legal NewsClick here to add this website to your favorites
Crisis News Search >>>

China promised Friday to help Hong Kong weather the global economic crisis by further opening mainland service industries to its companies and encouraging Chinese tourist travel to the territory.

Premier Wen Jiabao told visiting Hong Kong Chief Executive Donald Tsang that such steps are among 14 measures approved by Beijing "to support Hong Kong's financial stability and economic development," state television and the government's China News Service said.

Hong Kong has been battered by the slump in demand for Chinese exports, a large share of which pass through the former British colony. Hong Kong is a Chinese territory but has its own currency and trade policy.

Beijing wants to prevent an erosion of pro-mainland sentiment in Hong Kong that has risen with China's economic boom and last summer's Beijing Olympics. Pro-democracy protests and complaints about interference in local government have been constant since the territory came under the communist mainland's control in 1997.

Hong Kong's economy slipped into recession last quarter for the first since 2003, when severe acute respiratory syndrome devastated tourism. The government has cut its 2008 growth forecast from 4 to 5 percent to 3 to 3.5 percent.

© Crisis Legal News - All Rights Reserved.

The content contained on the web site has been prepared by Legal Crisis News
as a service to the internet community and is not intended to constitute legal advice or
a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 Law Firm Web Design Information
Law Promo can construct your law firm a brand new responsive website, or help you redesign your existing site to secure your place in the mobile world. We believe our work speaks for itself by showcasing quality design while reflecting our extensive experience in the online legal marketing industry. Law Firm Website Designs by Law Promo.| Law Firm Logo Design
   Latest Crisis Legal News
   Sponsored Links
Chicago Business Law Attorney
Corporate Litigation Attorneys
Fort Lauderdale Criminal Defense Lawyer
Miami Sex Crimes Lawyer
Fort Washington Employment Law Firm
Attorney Marc E. Weinstein
Santa Ana Workers' Compensation Lawyers
Car Accidents Attorneys
New Rochelle Personal Injury
Eugene Criminal Defense
Law Office of Max J Mizejewski
Family Law. Call 541.505.9872
CPA Accounting Web Design
Finanace Office Web Designs
Lorain Elyria Divorce Lawyer
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
Cobb County Criminal Attorney
Georgia Criminal Defense Lawyer
San Francisco Trademark Lawyer
San Jose Trademark Lawyer
Eugene Chapter 7 Bankruptcy Lawyer
Oregon Chapter 7 Bankruptcy Lawyer