Financial Secretary Chen Maobo said in the Chinese General Chamber of Commerce's online forum today (14th) that Hong Kong's economy in the first three quarters of China's exports and retail sales performed well. It is estimated that the economy will have a solid year-on-year growth in the fourth quarter, and the total growth in 2021 is expected to reach 6.4%.
Chen Maobo also pointed out that due to the impact of the Omicron variant virus, the Hong Kong epidemic has undergone rapid changes recently. The government has tightened a number of social distancing measures since last week, striving to cut off the chain of transmission in the shortest time possible. He emphasized that if the local epidemic can be successfully stabilized as soon as possible, the external The environment has not deteriorated significantly, and Hong Kong's economy should continue to grow in 2022, but the breadth, depth and speed of the recovery are still full of uncertainty.
Chen Maobo said that the recent tightening of epidemic prevention measures will inevitably increase pressure on local catering, retail and other services.
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Chen Maobo said in his speech that the recent tightening of epidemic prevention measures will inevitably increase pressure on local catering, retail and other services.
He believes that the weakest link of Hong Kong's economy is tourism in Hong Kong. Therefore, the resumption of "customs clearance" with the Mainland is crucial to the economic performance of this year. He appealed to the public to cooperate with the epidemic prevention and anti-epidemic measures, and to vaccinate and booster as soon as possible. Build a large-scale protective barrier, try to slow down the spread of the virus, and create conditions for early "customs clearance".
He also mentioned that Hong Kong is a small, export-oriented economy, and the ups and downs of the economy are closely related to the global economic situation. Faced with the risks brought by the mutant virus, many governments have tightened epidemic prevention and restrictions, which may slow down global economic growth. .
In addition, he pointed out that the complex and ever-changing Sino-US relations and the geopolitical situation should continue to be paid attention to.
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