The Chinese Manufacturers' Association of Hong Kong held a Chinese New Year gathering today (2nd). Chairman Shi Lide expects that the number of mainland visitors to Hong Kong this year will return to 60% of the pre-epidemic level.
In his speech, Chief Executive Lee Ka-chao said that the SAR government will continue to fully promote the return of Hong Kong to normalcy and a comprehensive economic recovery, so that the Pearl of the Orient will shine again.
It is expected that the annual foreign trade will grow and GDP will rise by more than 4%
Shi Lide said that the "return" of mainland tourists after customs clearance will be the biggest positive factor for Hong Kong's economic recovery this year. The number is expected to reach 60% of the pre-epidemic level, helping the recovery of tourism and related industries, and driving the accelerated recovery of service trade exports .
As for exports, the current external environment is extremely challenging. It is expected that the trade in goods will continue to show negative growth in the first quarter of this year. However, as the Mainland strengthens its international trade exchanges, cross-border land freight is gradually returning to normal. In addition, the Mainland economy has bottomed out due to the recovery of domestic demand. , and the low base effect, it is expected that Hong Kong's foreign trade will resume its upward trajectory in the second half of the year, but the annual average growth rate is still expected to not exceed 5%.
The Manufacturers Association expects that GDP growth will exceed 4% in 2023.
As for the "Budget", Schneider hopes to stimulate internal economic momentum and help the society overcome difficulties. At the same time, it can also make a long-term and comprehensive plan for Hong Kong's industrial development, and formulate a comprehensive industrial development blueprint as soon as possible to promote the diversified development of Hong Kong's economy.
Li Jiachao delivered a video speech, saying that the SAR government will continue to fully promote Hong Kong's return to normal.
"The bustling Hong Kong is back"
Li Jiachao said that since last month, Hong Kong has gradually, orderly and comprehensively cleared customs with the mainland, and society has largely returned to normal. Different major events have returned to Hong Kong one after another, and citizens can once again experience the charm of Hong Kong, the capital of major events.
And during the Lunar New Year period, the market is booming, which makes people feel: "The "lively Hong Kong" we are familiar with is back, and the "warm Hong Kong" we love is back."
Li Jiachao said that this Year of the Rabbit, the SAR government will continue to fully promote the return of Hong Kong to normalcy and full economic recovery, so that the Pearl of the Orient will shine again.
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