Business
Xi Jinping’s Economic Revival Call, Hong Kong’s Rise as Top Financial Hub, and China’s ICBM Test: Highlights from SCMP’s Latest Reports
Xi Jinping's economic call to arms and Hong Kong surpassing Singapore are among SCMP's top seven highlights. This includes Xi's surprise summoning of a Politburo meeting, and Hong Kong's return to prominence, as featured in SCMP's latest coverage.
1. '3 allows': Economic encouragement from China's Xi seeks to comfort anxious authorities
President Xi Jinping has made an inspiring appeal during an unplanned Politburo gathering to assist the private sector and rally national officials to give top priority to economic recovery.
2. Hong Kong surpasses Singapore as Asia's leading financial center: research
For the first time in two years, Hong Kong has ousted Singapore to claim the position of Asia's premier financial hub, as per the most recent semi-annual Global Financial Centres Index report published on Tuesday.
3. China conducts trial of ICBM capable of reaching US soil by launching it into the Pacific Ocean
The Chinese military initiated their first acknowledged test of an intercontinental ballistic missile in nearly four and a half decades on Wednesday morning. The missile was launched into the Pacific Ocean, as reported by the Chinese defense department.
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