Georgiev made the statement at a conference held on the eve of a major meeting between China and the CEE countries.
Given the grave economic situation, the HKSAR government has already rolled out unprecedented relief measures worth nearly 290 billion Hong Kong dollars (.4 billion) to help safeguard jobs, support enterprises and relieve people's financial burdens.
Global Times reporter Fu Guohao is tied by rioters at the Hong Kong International Airport on August 13. [Photo/Xinhua]
George Ren, senior partner at consultancy Roland Berger, said people in third and fourth-tier cities are also becoming new consumers because they have more access to luxury goods both through offline stores and e-commerce.
Getting an electricity connection is also entirely free in China. Japan and the United Arab Emirates are the only two other countries to share this distinction.
General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping, also Chinese president and chairman of the Central Military Commission, delivers a speech at the fourth plenary session of the 19th Central Commission for Discipline Inspection of the CPC in Beijing, Jan 13, 2020. [Photo/Xinhua]
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Given a lackluster global economy, however, the shipbuilding industry still faces grim circumstances.
Gas production was 127.7 billion cubic meters in the first three quarters, up 9.5 percent year-on-year. The growth rate was 3.3 percentage points higher compared with the same period last year.
Global coalbed methane company Greka Group said it is optimistic about its business prospects in China.
Given this support, Xu called on other Hong Kong institutions to not miss the boat to expand their influence in the Bay Area.