25 years on, rhythm of sharing weal and woe continues to flow

CGTN published this video item, entitled “25 years on, rhythm of sharing weal and woe continues to flow” – below is their description.

For more:

https://news.cgtn.com/news/2022-07-01/25-years-on-rhythm-of-sharing-weal-and-woe-continues-to-flow-1bjik9Bgfp6/index.html

Right after Hong Kong’s return, an unprecedented financial crisis swept across Asia. With international speculators “hunting” around, stock markets were collapsing, and currencies devaluing sharply. In retrospect, many believe the central government offered just the right amount of support to #HongKong. Then Chinese Premier Zhu Rongji promised that the central government would protect Hong Kong from the financial crisis “at all costs”. Meanwhile, under the “One Country, Two Systems” principle, Beijing allowed Hong Kong’s monetary and finance authorities to make its own decision in the war battling against international speculators. And that triumph has lay a solid foundation forward for the two deeply bonded. Tune in to CGTN’s “HONG KONG: Forging an Unbreakable Bond,” coming soon. #China

CGTN YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - CGTN

This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

Recent from CGTN:

Live: Turkish-flagged ship Polarnet with Ukraine grain arrives at Port of Derince

The Spreading Shadow: Japan should not follow the United States

Live: Sanya authorities introduce latest COVID-19 containment measures

In This Story: Beijing

Beijing, China’s sprawling capital, has history stretching back 3 millennia. Yet it’s known as much for modern architecture as its ancient sites such as the grand Forbidden City complex, the imperial palace during the Ming and Qing dynasties.

2 Recent Items: Beijing

Beijing warns Canberra against involvement in Taiwan | ABC News

Rong Bao Zhai: A famous 350-year-old painting and calligraphy shop

In This Story: Hong Kong

Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

3 Recent Items: Hong Kong

Hong Kong to Start New Hotel Quarantine Rule Friday

Stop being racist, Hong Kong: include foreign domestic workers in the consumption voucher scheme

AMTD Digital stock is a ‘lottery ticket,’ says IG North America CEO

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.