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Hong Kong politics
Hong KongPolitics

Hong Kong set to benefit as Xi-Trump summit signals ‘more stability’, John Lee says

‘The consensus reached by the two heads of government injects more certainty and stability into the China-US economic and trade relationship,’ city leader says

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Chief Executive John Lee described the China-US summit as historic and landmark. Photo: Karma Lo
Chinese President Xi Jinping (left) with US President Donald Trump in Beijing. Photo: EPA
Matthew Cheng
Hong Kong’s economy and trade with the United States will benefit from greater stability and certainty brought by the summit between Chinese President Xi Jinping and his US counterpart Donald Trump, the city’s leader has said.
“Hong Kong is an externally oriented economy, susceptible to the influence of the main market,” Chief Executive John Lee Ka-chiu said on Tuesday. “More certainty and stability in the market will greatly reduce the impact of external turbulence on Hong Kong.”
Last week’s Xi-Trump summit saw the two leaders agree to build a “constructive China-US relationship of strategic stability”, with both sides signalling interest in deeper cooperation on trade, investment and artificial intelligence.
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Xi is also expected to make a state visit to the US this autumn, his first in more than a decade.

Speaking ahead of a meeting of the city’s key decision-making Executive Council, Lee described the summit as historic, highlighting the consensus reached by the two leaders to maintain stable economic and trade ties, expand practical cooperation and properly address each other’s concerns.

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“The consensus reached by the two heads of government injects more certainty and stability into the China-US economic and trade relationship and global economy,” Lee said, pointing to positive outcomes in tariff arrangements, trade and investment cooperation, market access and the purchase of goods.

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