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Qiu Tenghua expects economic growth this year, but there are hidden worries the U.S. remains conservative on China

2021-02-28T04:01:19.517Z


The new crown pneumonia epidemic has hit the global economy. The Secretary for Commerce and Economic Development Qiu Tenghua pointed out on a radio program today (28th) that although the outside world has confidence in economic growth in 2021, there are many hidden concerns.


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Written by: Kong Fanxu

2021-02-28 11:49

The last update date: 2021-02-28 11:49

The new crown pneumonia epidemic has hit the global economy. The Secretary for Commerce and Economic Development Qiu Tenghua pointed out on a radio program today (28th) that although the outside world has confidence in economic growth in 2021, there are many hidden worries. Europe and the United States are still in chaos. Hong Kong should seize its advantages to keep up with the opening of the mainland and gain a favorable position in the Belt and Road and the Greater Bay Area.

Qiu Tenghua said that there is no economy in the world that is not affected by the epidemic. Although the outside world is confident that the economy will grow in 2021, in fact, there will be positive growth as long as it is small.

(Data Picture/Photo by Gao Zhongming)

Qiu Tenghua attended the business channel program "Political Good Sunday" and said that under the epidemic, there is no economy in the world that is not affected. Although the outside world is confident that the economy will grow in 2021, in fact it was a big low without warning last year and a low base. This year, as long as there is a little bit, there will be positive growth."

Qiu also pointed out that there are hidden worries in different economies around the world. After the change of power in the United States, they are still exploring allies. They are still conservative or negative in strategy toward China. Europe is also looking for a way out, describing it as chaos.

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Hong Kong has not exhausted the Mainland's double loop "Hong Kong wants to get on the shuttle bus and gain an advantageous position"

Qiu believes that the future economic power of the world lies in Asia and ASEAN. The Regional Comprehensive Economic Partnership Agreement covers one-third of the world's population and trade. It is expected that the total economic and trade volume will account for half of the world in 20 years.

Qiu also pointed out that the world is still looking for mutually beneficial markets and trading partners. The mainland promoted the Belt and Road Initiative and the Greater Bay Area in the early years. Despite the current international tensions, the mainland has nothing to do with the gates. "Since the gates continue to open, Hong Kong must reach them. This shuttle bus has achieved an advantageous position."

In the past year, there have been fewer physical transactions and exhibitions in Hong Kong. Qiu pointed out that the industry has focused more on technology-based business, and online and offline operations have become mainstream. Online businesses may replace physical stores. The authorities have entrusted the TDC to establish a platform to help companies develop online businesses. And use the mainland network to help enter the market.

Qiu also said that Hong Kong has not exhausted the mainland's dual cycle, and the "GO GBA" platform of the TDC will help Hong Kong companies enter the Greater Bay Area e-commerce platform.

As for the development of 5G, Qiu said that 90% coverage was achieved in the middle of last year, but there were not many applications. The government has set aside 60 million yuan for the development of new ideas for 5G. So far, there have been more than a dozen pre-application applications in different areas, including e-sports and elevator maintenance. , Property management logistics and medical services.

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New crown pneumonia Qiu Tenghua

Source: hk1

All news articles on 2021-02-28

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