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His comments came after US President Donald Trump signed an executive order on Tuesday that ends Hong Kong's special trade status, and also signed into law the Hong Kong Autonomy Act, which imposes sanctions on foreign individuals and financial institutions that are regarded by Washington as contributing to "the erosion of Hong Kong's autonomy".

Hong Kong could well be the hare who loses in its race with the tortoise in Aesop’s Fables should the city continue to indulge in political wrangling — as it has been doing in recent years. The “irreplaceability” notion has long become invalid. To maintain its competitiveness and relevance in the national strategy for development, and to continue to benefit from the rapid growth of the mainland economy, Hong Kong needs to refocus on economic development.

Hong Kong police are confident and committed to maintaining law and order, and they have the will and capability to step up their efforts to enforce the law in the face of the stiff challenges posed by violent protests.

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Homestay listings platforms' proactive measures stoke incipient recovery in travel business

His comment came after the IMF staff members visited Beijing and Lanzhou from June 1 to 14 to conduct discussions on the annual Article IV review of the Chinese economy.

His departure comes after former Secretary of Defense Jim Mattis stepped down last month.

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Hong Kong's tertiary institutions have taken career fairs online to cushion the impact COVID-19 has had on students' future. The Polytechnic University of Hong Kong has invited employers from various sectors to give more than 30 online lectures, with another 20 lectures on career development, since March.

His daughter was diagnosed with the kidney disease uremia in 2013 and the high medical expenses dragged the family into debt. "She took the medicine for a couple of years but we couldn't afford better treatment so she passed away," he said.

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Hong Kong has developed into the largest center for the offshore renminbi business and its Stock Connect programs offer international investors access to the Shanghai and Shenzhen stock markets.

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor voiced her hope on Monday that the people of Hong Kong can continue to express their views in a peaceful manner, after the city's District Council election closed a day before.