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Nomura economist Lu Ting thinks poor economic data and social unrest will prompt Beijing to start a real opening as soon as March 2023, although he warned policymakers might still think differently when being faced with rising COVID case counts.
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Along with 20 other defendants, there are 286 criminal cases registered against Chau for allegedly promoting illegal gambling, operating a criminal syndicate, fraud, and money laundering, which has hit the exchequer tax revenues in tune of HKD8.26 billion ($1 billion) for 9 years from 2013 to 2021.