‘I’ll be first in line to buy your bonds’: how Zhu Rongji put steel in Hong Kong’s spine
In late 2002, then Chinese premier Zhu Rongji visited Hong Kong and sought to put steel in the spine of the city’s establishment that was floundering under an economic slump and a ballooning deficit. “Even if you spend all your fiscal reserves three years from now, what is there to fear?” he asked his dinner guests at Government House in a famously unscripted speech. “If you issue 50-year…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
