HONG KONG: The “one country, two systems” governing principle has been successfully implemented over the past 25 years in Hong Kong, providing the best guarantee for the city’s long-term prosperity and stability, government officials and analysts said at a forum on Thursday. “As a strong system of governance, ‘one country, two systems’ has stood the test of time and overcome many challenges. It is a pioneering initiative that has no precedent to follow. Its application entails an evolving process,” said Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor.
She made the remarks at the Bauhinia Culture International Forum, which was held under the theme “One country, two systems: achievements and prospects”. The event was held by Bauhinia Culture Holdings in Hong Kong. Hong Kong has faced unprecedented challenges over the past few years. Without the central government’s support, “one country, two systems” could have been derailed and the government paralyzed, Lam said. “Hong Kong is now back on track, entering a new era of stability, prosperity and opportunity,” Lam said, adding that she believes Hong Kong will enjoy greater political and economic stability going forward. According to the World Competitiveness Yearbook 2022, Hong Kong has climbed two places this year to regain fifth place in the annual ranking of the world’s most competitive economies, based on its policies and focus on sustainability.
–The Daily Mail-China Daily news exchange item
