Venezuela's government estimates income from crude exports will finance 61% of its national budget next year, according to a document seen by Reuters, as U.S. sanctions complicate sales by state oil company PDVSA .
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HONG KONG, Jan 11 (Reuters) - International businesses in Hong Kong see law and order as key for investing, a city government official said on Monday, in response to concern about the impact of a sweeping national security law on the business environment.
Secretary for Commerce and Economic Development Edward Yau said in an interview at a Reuters Next conference that the fact that more money was coming into Hong Kong than leaving was a sign of confidence in the global financial hub.
Many businesses and trade associations have raised concern that a new security law, targeting activities in the former British colony that Beijing considers to be subversion, secessionism, terrorism or collusion with foreign forces, effectively brings Hong Kong closer to China’s authoritarian system and raises uncertainty.