Opinion | Hong Kong must assume the crucial reform role assigned to it by Beijing

During China’s 45 years of opening up and reform, Hong Kong has played a pivotal role, thanks to its free economy, sophisticated financial markets and common law system. Indeed, the city has been the country’s most important investment channel: 60 percent of the mainland’s accumulated foreign investment originated in or passed through it by the end of last year. It is good to learn that the city is still playing a vital role as China enters a new phase of development under President Xi Jinping. The message was reinforced at meetings in Hong Kong and Macao to spread the message of the July Communist Party plenum.

The Third Five-Year Plenum heralded major changes in economic policy and direction, including the pivotal 1978 meeting at which Deng Xiaoping launched the open-door policy and ushered in private entrepreneurship and foreign-invested joint ventures in an effort to build a moderately prosperous society. In the new era of development aimed at creating a more powerful China, Xi Jinping is attempting to orchestrate a transition of the economy from traditional sectors such as manufacturing to higher-quality sectors that leverage technology and efficiency for more stable growth and productivity.

Commerce Minister Wang Wentao highlighted Xi's support for Hong Kong's unique role in the country's modernization, including its ability to finance major projects, and hailed its contributions as irreplaceable. Wang stressed that the city remains China's most important investment channel, but it needs to build on its strengths, including its international connectivity, and has work to do to better leverage its position as a superconnector and super value creator linking the world and the mainland.

In the past, Hong Kong's support for the country's broader goals was not exactly reciprocal. That has changed. Wang said Beijing will enhance its role in trade, strengthen ties with Belt and Road Initiative and Regional Comprehensive Economic Partnership countries, and leverage its strength in supply chain and asset management to deepen its participation in the Greater Bay Area's trade digitalization and green economy. Beijing is working to integrate Hong Kong and Macao with nine cities in Guangdong province to build an economic powerhouse in the Bay Area.

In return, Hong Kong must strive to reinvent itself as a global talent hub while strengthening its position as an international financial, maritime and trade The city's role in the country's advancement is consolidated and the challenge ahead is clearly defined. It must now leverage its unique strengths and fulfil its mission of supporting the country's new era of high-quality development to build a modernised and powerful nation by 2035.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: cgurgu@internetmarketingcompany.BizWebsite: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos