In a New Year’s address Tuesday evening, Chinese President, Xi said a peaceful, harmonious environment was key to the Asian financial hub’s prosperity, AP reported.

“Hong Kong’s prosperity and stability is the wish of Hong Kong compatriots and the expectation for the people of the motherland,” Xi said in the televised address.

The protests broke out in June over proposed legislation that could have extradited suspects in Hong Kong to face trials in mainland China.

The bill has been withdrawn, but the movement has snowballed into wider calls to protect the city’s freedoms.

Though the legislation was withdrawn, the protests have snowballed into wider calls to protect the city’s freedoms.

The often violent disturbances have sent Hong Kong’s economy into recession and tarnished the city’s reputation as one of the world’s safest.

The former British colony was handed over to Chinese rule in 1997 with a promise it could retain its own capitalist economy, legal system and civil liberties, although many see those as eroding as Beijing tightens its grip.

Xi also reiterated China’s rigid opposition to independence for Taiwan, the self-governing island that Beijing regards as its own territory.

In his speech, Xi dwelt heavily on economic topics, saying that China’s gross domestic product in 2019 was on track to near 100 trillion yuan ($14.37 trillion), while per capita GDP was likely to reach $10,000.

The coming year will be decisive in China’s battle to alleviate poverty for rural residents, Xi said. In 2019, around 10 million people were lifted out of poverty, he said.