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Hong Kong stocks close lower

China

China

China

Hong Kong stocks close lower

2026-01-19 22:03 Last Updated At:01-20 00:15

Hong Kong's stock market declined on Monday with the benchmark Hang Seng Index down 1.05 percent to close at 26,563.90 points.

The Hang Seng China Enterprises Index lost 0.94 percent to end at 9,134.45 points, and the Hang Seng Tech Index plummeted 1.24 percent to 5,749.98 points.

Hong Kong stocks close lower

Hong Kong stocks close lower

Liuzhai, once a remote and impoverished village in north China's Shanxi Province, has transformed itself into a model of rural revitalization by advancing modern agriculture and tourism, a national political advisor said in a group interview in Beijing on Wednesday.

Cheng Yuzhen, a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) and Party branch secretary of Liuzhai Village in Changzhi City, briefed the media on dramatic changes in her village over the past years ahead of the closing meeting of the fourth session of the 14th CPPCC National Committee.

"During the process from lifting ourselves out of poverty to revitalizing rural areas, we focused on developing distinctive industries and building self-sustaining capabilities. Leveraging the village's traditional liquor-making techniques, we established a modern distillery and built our own brand. This initiative has provided stable income to over 300 households growing sorghum nearby. At the same time, we developed 108 greenhouses and cultivated about 20 hectares of field vegetables," said Cheng.

The village has developed six pillar industries, including greenhouse vegetable production, photovoltaic power generation, and minor grains processing. In 2016, all the residents in the village shook off absolute poverty.

"Additionally, we've integrated the village's industries to develop tourism. Last year, we hosted over 30 events including bonfire parties, fruit picking and rural food festivals, attracting thousands of visitors from surrounding cities. Now, our village's per capita income has surpassed 25,000 yuan (about 3,635 U.S. dollars)," said Cheng.

The annual session of the 14th CPPCC National Committee, China's top political advisory body, opened on March 4 this year.

Political advisor shares village's efforts, changes in rural revitalization

Political advisor shares village's efforts, changes in rural revitalization

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