Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government, attended the "China General Forum - Enhancing Development Kinetics and Enhancing Competitive Advantage" on the 6th and delivered a speech, saying that "customs clearance" between the mainland and Hong Kong would help Hong Kong's many industries, and it is expected that Hong Kong's economy will grow positively in 2023. Chen Maobo said that in 2022, the global economy will be affected by geopolitical situation, supply chain, high inflation and other issues. Central banks around the world will raise interest rates and tighten financial conditions, making the global financial market volatile. But the mainland has been a stabilizer of the global economy in the past. He explained that although the mainland is also affected by the epidemic, there is more policy space in the mainland. Recently, the Central Economic Work Conference put forward the concept of "stability", that is, to stabilize the economy and stabilize growth. It is expected that the mainland's economy will continue to grow steadily this year. As a small economy, Hong Kong's economic situation in the mainland is the most relevant to Hong Kong and also provides the most solid support for Hong Kong. He believed that the continuous growth of the mainland's economy would help Hong Kong's re export and transportation business to the mainland. With the orderly implementation of "customs clearance" between the mainland and Hong Kong, confidence in both consumption and investment is expected to increase this year. He pointed out that we would not expect to return to the pre epidemic passenger volume immediately after the "customs clearance", but the mainland tourists coming to Hong Kong in succession would help Hong Kong's tourism, consumption, retail and catering industries. We estimate that Hong Kong's economy will grow positively this year, but inflation will be higher than last year. (Liu Xinshe)
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：chinanews.com
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