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By Clare Jim and Jessie Pang HONG KONG (Reuters) -Solving Hong Kong s shortage of housing and increasing land supply will be key priorities for authorities under the new, patriots only political system imposed by Beijing, Chief Executive Carrie Lam said on Tuesday. Lam s remarks come after Reuters reported last week that Chinese officials have told Hong Kong s powerful tycoons in several private meetings this year that they should pour resources and influence into backing Beijing s interests and helping solve the city s housing shortage. On Sunday, Hong Kong held its first vote since China overhauled the former British colony s electoral system to ensure that only those loyal to Beijing run the city. The changes dramatically reduced the tycoons influence in the 1,500-strong committee that selects Hong Kong s China-backed chief executive, although groups close to their business interests retain a presence. Asked about the Reuters report at her weekly news conference, Lam told reporters ....
China's pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing's own domestic coal programme is still propping up the dirty fossil fuel. ....
China's overseas coal power retreat could wipe out $50 billion of investment gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.
Hong Kong's new, patriots-only governance to prioritise housing issues - Lam reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Factbox: An intensifying arms race in Asia reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.