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Hong Kong's situation is still grim and complex, he said, adding that the violence and illegal activities have not been totally kept at bay, with a small number of rioters doubling down on their violent and criminal activities.

Hong Kong's economy grew 3.9 percent in the first three quarters of last year, underpinned by vibrant external demand supported by benign global economic conditions, and solid domestic demand growth led by brisk private consumption expansion amid the red-hot equity and home markets.

His factory is an example of Zhili's efforts to improve the design and marketing capabilities of the children's wear sector through innovative technology.

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Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor said on Tuesday that the voluntary activities by soldiers and officers from the People's Liberation Army Hong Kong Garrison should not be over-interpreted.

His views were echoed by Sanjay Mehrotra, president and CEO of US memory chip heavyweight Micron Technology Inc. The senior executive said 5G is not just about one country. Instead, it will be ubiquitous.

Hong Kong businessman Allan Zeman said implementation of national security legislation became inevitable following a resurgence of the violence that damaged Hong Kong and hurt business and individuals.  

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Hong Kong's COVID-19 tally soared to 3,002 on Wednesday, as 118 cases were added to the city's eight-day streak of triple-digit new coronavirus infections.

Hong Kong has been ranked among the world's most business-friendly economies since the World Bank began to release its Doing Business report in 2005. The Doing Business 2017 report ranked Hong Kong fourth for ease of doing business among 190 economies, compared to fifth in the previous report, said Klaus Koch-Saldarriaga, member of the World Bank's Doing Business team.

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Hong Kong's status as an international financial center will not be undermined by the sanctions imposed by the United States, and the central government has full confidence in the HKSAR's future.

Hong Kong police seize a gun from a family on suspicion of illegal arms possession on June 9, 2020. [Photo/CCTV]