China’s Xi says Hong Kong is moving ‘from chaos to governance’

China’s Xi says Hong Kong is moving ‘from chaos to governance’


Chinese President Xi Jinping and Hong Kong’s new Chief Executive John Lee at the swearing-in ceremony on July 1, 2022. Xi, in his first trip outside the mainland since Covid struck, presided over the ceremony.

Justin Chin | Bloomberg | Getty Images

BEIJING — Chinese President Xi Jinping on Friday laid out a future for Hong Kong, embedded firmly within the goals of the central government on the mainland.

“Now Hong Kong is at a new stage of moving from chaos to governance, and then from governance to greater prosperity,” Xi said at the swearing-in ceremony of Hong Kong’s new Chief Executive John Lee.

“The next five years will be crucial for Hong Kong to break new ground and launch a new takeoff,” Xi said, according to an English translation broadcast through state media.

Xi oversaw the inauguration of Lee, a Beijing loyalist who was the only candidate for the position in an election held in May. Lee’s term runs for five years and his inauguration coincided with the 25th anniversary of the city’s handover to China from British colonial rule.

The Chinese president listed in his speech “four hopes” for the semi-autonomous region of Hong Kong: Better governance, stronger development, improved lives for ordinary people and overall harmony.

Xi’s trip to Hong Kong marked the first outside mainland China since the pandemic began.

This is breaking news. Please check back for updates.



Source

India turns to Iran for oil and gas after 7-year hiatus, signaling limits to U.S. tilt
World

India turns to Iran for oil and gas after 7-year hiatus, signaling limits to U.S. tilt

An Indian liquefied petroleum gas (LPG) carrier, Shivalik, arrives at Mundra Port via the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Gujarat, India, March 16, 2026. Amit Dave | Reuters India has begun buying oil and gas from Tehran after a seven‑year hiatus as it grapples with supply disruptions and elevated energy […]

Read More
Trump’s Iran ultimatum and signals of a possible deal keep investors on tenterhooks
World

Trump’s Iran ultimatum and signals of a possible deal keep investors on tenterhooks

US President Donald Trump during a prime-time address to the nation in the Cross Hall of the White House in Washington, DC, US, on Wednesday, April 1, 2026. Alex Brandon | Bloomberg | Getty Images Investors are caught between positioning for a swift deal that ends the war and a significant escalation that could send […]

Read More
AI data center boom ‘stress tests’ insurers as private capital floods in
World

AI data center boom ‘stress tests’ insurers as private capital floods in

AI data centers are becoming a “stress test” for insurers as rapid technological advancements and the use of increasingly complex financial structures present a unique set of challenges and opportunities for the sector. Global spending on data centers could reach $7 trillion by 2030, according to McKinsey, and much of that spending can no longer […]

Read More