The Hong Kong SAR government announced on the 18th that in the latest 2024 World Competitiveness Annual Report released by the Lausanne Institute for International Management and Development in Switzerland, Hong Kong's ranking has risen by two places to fifth globally. Among the four competitive factors in the annual report, Hong Kong's ranking in "business efficiency" and "infrastructure" has significantly increased, ranking in the top ten globally; Ranked among the top three globally in terms of government efficiency; The ranking of "economic performance" has also significantly improved, reflecting the economic recovery in 2023. In terms of sub factors, Hong Kong ranks first in the world in terms of "international trade" and "commercial regulations", while "tax policy", "international investment", "basic infrastructure", "finance", and "education" also rank in the top five globally. The spokesperson of the SAR government stated on the same day that the annual report released by the International Institute for Management and Development, after considering objective data and business opinions, continues to recognize Hong Kong as one of the most competitive economies in the world. With the solid support of the central government, the Hong Kong economy has continued to recover since the outbreak of the epidemic. The SAR government has implemented multiple measures to strengthen market confidence and promote tourism and consumption through hosting grand events, consolidating the momentum of economic recovery; At the same time, we will vigorously attract enterprises, funds, and talents from all over the world to come to Hong Kong, actively promote the construction of advantageous areas such as finance, innovation, and trade, embrace green transformation and digital economy development, accelerate the formation of new quality productive forces, and promote high-quality economic development in the medium and long term. These works are steadily advancing, making good progress and gaining widespread recognition. The spokesperson said that looking forward to the future, Hong Kong will continue to play its role and function as a "super contact person" and "super value-added person", actively integrate into the overall development of the country, align with the national development strategy, continue to expand economic capacity, cultivate new growth points, and enhance competitiveness, so as to climb the economic development to a higher level and create more and better development opportunities for citizens and enterprises. (Lai Xin She)
Edit：Lubaikang Responsible editor：Chenze
Source：Xinhua network
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