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Hong Kong Finance Chief: Nation's Development Offers Broader Stage, AI Boosts Exports
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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%.
Source report
Hong Kong's Secretary for Financial Services and the Treasury, Paul Chan Mo-po, stated on September 27 that as National Day approaches, the nation has consistently advanced reform and opening-up over the years, steadily guiding Chinese-style modernization into a new phase with high-quality development.
Chan noted that the country possesses a comprehensive and well-structured industrial system, along with a vast consumer market of an unprecedented scale. This provides a broader platform for Hong Kong to leverage its own strengths, integrate into and serve the national development strategy, and achieve its own substantial growth.
He pointed out that the development of artificial intelligence (AI) is adding momentum to the economy. Driven by demand for AI and related electronic products, Hong Kong's total merchandise export value rose by 53% year-on-year in August. For the first eight months of the year, the cumulative increase stood at 42.5%.
According to the latest assessment by the government's economic adviser, the government is confident of achieving the revised forecast target of 3.5% to 4.5% GDP growth for the full year.
(Source: Hong Kong Government News Network)
Source
金十数据Eastern