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Hong Kong's Financial Secretary Paul Chan looks to shrink the city's deficit while countering headwinds from a slowing Chinese economy.PHOTO: BLOOMBERG
HONG KONG – Hong Kong’s No. 2 official Paul Chan has reminded the city that its development must be tightly tied to that of China in order for Hong Kongers to prosper.
The finance chief’s reminder – which comes amid China’s annual Two Sessions parliamentary meetings – reflects pressure from Beijing for Hong Kong to pursue faster and deeper integration with the mainland to boost their respective economies, analysts say.
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