Economic Growth - Hong Kong's economy has shown resilience, with a growth of 3.1% in Q1 2023 following a 2.5% growth in 2022, and is expected to continue this upward trend for the tenth consecutive quarter [1][3] - The growth is driven by export activities, overall investment, and private consumption, with optimistic forecasts for the upcoming Q2 GDP figures [1][3] Private Consumption - Private consumption is gaining momentum due to sustained economic activity, inflow of funds, a favorable stock market, and a stabilizing property market [3][4] - Retail sales recorded their first year-on-year growth in 14 months in May, indicating a recovery in consumer sentiment, with expectations for a positive June [4] Employment and Wages - The employment market in Hong Kong remains stable, with a notable increase in median monthly income for full-time employees, rising by 6.8% year-on-year to HKD 25,000 [4][5] - New industries are developing rapidly, and traditional sectors are also adapting, leading to increased hiring and wage adjustments, although some labor-intensive sectors like retail and dining face challenges [5] Government Initiatives - The government is actively seeking new economic growth points and supporting innovation and technology development to attract more businesses and create high-quality jobs [5][6] - Efforts are being made to explore overseas markets and develop supply chain management centers to enhance Hong Kong's competitiveness in a complex geopolitical landscape [6]
陈茂波：香港第二季经济上升势头可望持续 将是连续第十个季度增长
智通财经网·2025-07-27 07:04