Hong Kong Financial Secretary cites AI-driven export surge, confident in GDP target
Hong Kong Financial Secretary Paul Chan Mo-po stated on September 27 that the nation's reform and opening-up provides a broader stage for Hong Kong's development. He highlighted AI-driven export growth, with goods exports rising 53% year-on-year in August and 42.5% in the first eight months. Chan expressed confidence in achieving the revised full-year GDP growth target of 3.5% to 4.5%, based on the government's economic adviser's assessment.
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Hong Kong Financial Secretary Says Nation Provides Broader Stage for City's Development
Hong Kong's Financial Secretary Paul Chan Mo-po stated that the nation's ongoing reform and opening-up, along with its comprehensive industrial system and massive consumer market, provide a broader stage for Hong Kong to leverage its advantages and integrate into national development. Speaking ahead of National Day, Chan highlighted that artificial intelligence development is boosting the economy. Driven by demand for AI and related electronic products, Hong Kong's total goods exports rose 53% year-on-year in August, and 42.5% for the first eight months combined. Based on the latest assessment by the government's economic adviser, the government is confident of achieving the revised full-year GDP growth target of 3.5% to 4.5%.
Read sourceHong Kong Financial Secretary Says Nation Provides Broader Stage for City's Development
Hong Kong's Financial Secretary Paul Chan Mo-po stated that the nation's continued reform and opening-up, along with its comprehensive industrial system and massive consumer market, provide a broader stage for Hong Kong to leverage its advantages, integrate into national development, and achieve long-term growth. Speaking ahead of National Day, Chan highlighted that artificial intelligence development is adding momentum to the economy. He noted that driven by AI and related electronics demand, Hong Kong's total merchandise export value rose 53% year-on-year in August, and 42.5% for the first eight months combined. Based on the latest assessment by the government's economic adviser, Chan expressed confidence in achieving the revised GDP growth forecast of 3.5% to 4.5% for the full year.
Read sourceHong Kong Financial Secretary Says National Development Offers Broader Stage for City
Hong Kong's Financial Secretary, Paul Chan Mo-po, stated that as the National Day approaches, China's steadfast commitment to reform and opening-up, along with its high-quality development, provides a broader stage for Hong Kong to leverage its advantages and integrate into the national development strategy. Chan highlighted that the development of artificial intelligence is boosting economic momentum. Driven by demand for AI and related electronics, Hong Kong's total goods exports rose 53% year-on-year in August, and 42.5% for the first eight months combined. Based on the latest assessment by the government's economic adviser, the government is confident of achieving the revised forecast for full-year GDP growth of 3.5% to 4.5%.
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Hong Kong Financial Secretary Says Nation Provides Broader Stage for City's Development
Hong Kong's Financial Secretary Paul Chan Mo-po stated on September 27 that the nation's ongoing reform and opening-up, along with its high-quality development of Chinese-style modernization, provides a broader stage for Hong Kong to leverage its advantages and integrate into national development. Chan highlighted that AI development is boosting the economy, with Hong Kong's total goods exports rising 53% year-on-year in August and 42.5% in the first eight months, driven by demand for AI and related electronic products. Based on the latest assessment by the government's economic adviser, the government is confident of achieving its revised full-year GDP growth target of 3.5% to 4.5%.
Read sourceHong Kong Financial Secretary Says Nation Provides Broader Stage for City's Development
Hong Kong's Financial Secretary, Paul Chan Mo-po, stated on September 27 that the nation's steadfast commitment to reform and opening-up, along with its high-quality development of Chinese-style modernization, provides a broader stage for Hong Kong to leverage its advantages and integrate into the national development strategy. Chan highlighted that the nation's comprehensive industrial system and massive consumer market offer vast opportunities for Hong Kong's long-term growth. He specifically noted that the development of artificial intelligence is boosting the economy, with Hong Kong's total goods exports rising 53% year-on-year in August and 42.5% in the first eight months of the year, driven by demand for AI and related electronics. Based on the latest assessment by the government's economic adviser, Chan expressed confidence in achieving the revised full-year GDP growth target of 3.5% to 4.5%.