Billionaire Li Ka-shing walked back earlier comments on the Hong Kong protests after facing harsh criticism from China's government and state media.
which called for Hong Kong’s government to seize land from wealthy property developers to tackle the city’s housing shortage and sky-high property prices.
Li’s condemned the use of violence and breaking the law in his statement on Friday, after recordings of a speech at a Buddhist monastery on September 8 were shared online. Li had appealed to Hong Kong’s government to offer a way out to young protesters, he dubbed “masters of our future”, in the speech.: The political crisis has tested the fortunes of Hong Kong’s wealthiest and several business leaders have appealed for an end to the protests.
Li has spoken out about the unrest but has also appeared to acknowledge protesters’ demands in a series of ambiguous newspaper advertisements. Hong Hong’s mayor Carrie Lam has scrapped plans for an extradition deal with China, which sparked the initial protests, but has refused to address calls for her resignation, direct elections and reform of the city’s police force.
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