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Hong Kong to increasingly benefit from proximity with Chinese mainland: Italian analysts

(Xinhua)

16:42, July 02, 2012

ROME, July 2 (Xinhua) -- The economic growth of the Hong Kong Special Administrative Region (HKSAR) can increasingly benefit from the proximity with the Chinese mainland, Italian analysts said on Sunday.

Over the past 15 years, the HKSAR has gained a lot of opportunities for development from the mainland, said Airaldo Piva, CEO of Milan-based Hengdian Group Europe, while commenting on Chinese President Hu Jintao's visit to Hong Kong to mark the 15th anniversary of its return to China.

During his visit, Hu reaffirmed his full support to the government of the HKSAR. This is of course in the interest of the Chinese mainland in the long term, but also especially important to the prosperity of Hong Kong's economy, Piva told Xinhua.

The Chinese president also said on Sunday that the central government will remain committed to the principles of "one country, two systems," "Hong Kong people administering Hong Kong" and a high degree of autonomy.

Hu's visit to Hong Kong was expected as another important stage of the path which started 15 years ago as the Chinese mainland had always highlighted the importance of the "one country, two systems" principle that has been reaffirmed in these days, Piva said.

In fact, he noted "It is especially in the Hong Kong's interest to remain fastened and maintain a solid relationship with the mainland, considered Beijing's increasing leadership role in the world."

The HKSAR's economic development has witnessed radical structural change because of the emergence of the Chinese mainland as a global manufacturing powerhouse, commented Thomas Rosenthal, head of the Strategy and External Relations of Italy-China Foundation.


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