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Xi Jinping’s economic rally cry, Hong Kong takes Singapore’s crown: SCMP’s 7 highlights
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing.
1. ‘3 exempts’: economic rally cry by China’s Xi aims to reassure fearful officials
President Xi Jinping has issued a rallying call in an unexpected Politburo meeting to help the private sector and mobilise officials across the nation to prioritise reviving the economy.
2. Hong Kong takes Singapore’s crown as Asia’s top financial hub: study
Hong Kong has dethroned Singapore to become Asia’s top financial centre for the first time in two years, according to the latest edition of the semi-annual Global Financial Centres Index released on Tuesday.
3. China tests ICBM that could reach the US mainland with launch into Pacific Ocean
The People’s Liberation Army launched its first known intercontinental ballistic missile test in 44 years on Wednesday morning, sending an ICBM into the Pacific Ocean, according to the Chinese defence ministry.
