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The Fed now projects unemployment to fall to 3.6 percent in 2018.

The Hong Kong leader thanked all teachers and civil servants who were professional in carrying out their duties amid the social unrest.

The GDP growth rate of 18 areas surpassed the national growth rate of 6.6 percent in 2018, Economic View reported on Thursday.

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The Hong Kong Stock Exchange (HKEX), backed by the government, is making big strides in reforming the rules to allow dual-class shareholding companies to list in the city despite concerns it could undermine the interest of minority shareholders in those companies.

The Hong Kong-Zhuhai-Macao Bridge that links the three metropolises at the mouth of the Pearl River has also been temporarily closed for safety reasons on Wednesday.

The Huawei booth is shown during the 2020 CES in Las Vegas, Nevada, US Jan 7, 2020. [Photo/Agencies]

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The HKSAR government had announced in November that it would establish the Independent Review Committee to look into the causes of unrest and improve policymaking. But Lam admitted it was not easy to get people to join the committee as actions taken by radicals, such as the publication of people's personal information online as an act of vengeance, as well as threats and physical attacks, had remained strong deterrents since June.

The Hang Seng Index gained 1.8 percent while the Hang Seng China Enterprises Index, which tracks large-cap mainland companies, rose 2.3 percent. Agricultural Bank of China surged 4.2 percent and China Petroleum & Chemical Corp was up 3.7 percent at the close.

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The Hong Kong and Macao Affairs Office of the State Council also expressed strong indignation. It said in a statement that the National Security Law for Hong Kong has taken effect and will be implemented rigorously.

The Foreign Ministry dismissed a rumor on Friday that China had offered to cut its trade surplus with the United States by 0 billion, saying the trade talks with the United States have so far been constructive and are still underway.