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25 January, 2020 00:00 00 AM
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Hong Kong in battle to regain lost investor glitter

AFP, Davos

Bruised by months of street protests and calls to resign, Hong Kong's pro-Beijing leader Carrie Lam came to Davos with a tricky pitch to sell -- that the Chinese territory is still a safe destination for investment and she is not going anywhere. Her stay at the four-day event in the Swiss Alps, which wraps up yesterday, was shadowed by a downgrade from Moody's a day before World Economic Forum (WEF) even began on the grounds of a lack of government response to the protests. Lam must also now deal with the health, social and economic consequences of the coronavirus in China, openly admitting Hong Kong is extremely vulnerable due to the flows of people from the mainland.

"I feel that we have gone through some very tough times. I personally have gone through and am still going through some very tough times," she said in candid remarks at a dinner late Thursday. Lam has come under huge pressure as she struggled to end more than seven months of huge and often violent pro-democracy protests in Hong Kong, the most severe challenge to Beijing's rule since the former British colony's 1997 handover to China. She expressed disappointment with the downgrade from Moody's and acknowledged that negative growth was possible in 2019 and 2020.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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