Reports: HK leader 'to step down'

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Reports: HK leader 'to step down'
Wednesday, March 2, 2005 Posted: 0552 GMT (1352 HKT)



Chief Executive Tung Chee Hwa has been nominated for a post in Beijing.

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HONG KONG, China (CNN) -- Speculation is rife that Hong Kong's unpopular leader Tung Chee Hwa has resigned, or is preparing to do so imminently.

Local media in the former British colony reported on Wednesday that the region's chief executive is expected to cite poor health as the reason for leaving the top post.

The billionaire shipping tycoon has been deeply unpopular since he took the reins following Hong Kong's handover to China in 1997.

The city of 6.8 million people entered a funk following the Asian financial crisis in 1997, which was only compounded by government moves to introduce an anti-subversion bill and then its handling of a deadly SARS epidemic in 2003

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This is good news he is out!!!

:eyes: