Economic Development

The road to color economy

Economic Development / , , /

"A Year After Leaving Made in China" was a best-seller ten years ago. It was an era when "the world was flat" and globalization was the most fashionable topic. China has emerged as a global manufacturing base. The author, who lives in the United States, wants to experience its influence firsthand and decides to launch a one-year economic experiment: the whole family will stop buying all products made in China. Now that the trend has turned, it is the turn of Hong Kong people to consume according to their political opinions. Perhaps it is similar to the author's experience. Although it is not completely impossible, the boycott process is worrying about gains and losses, and ultimately he suffers.

The road to color economy Read More »

Expanding land allows the economy to start again

Economic Development / , /

In 2018, the global economy was affected by the risks of trade protectionism and trade friction, which raised concerns about where Hong Kong will go in terms of national development strategy and international political situation. There are many external uncertainties, and investors in Hong Kong are highly cautious. However, it still recorded a growth of 3% in previous years, which shows that its economic foundation is solid and has the ability to withstand short-term downward pressure. While actively responding to the external environment, Hong Kong is faced with internal challenges such as insufficient development space and increasing business costs. It must not only provide residential units to meet people's livelihood needs, but also increase industrial and commercial land to promote economic development. The turmoil caused by the rivalry between major powers is likely to continue for some time, and land shortages have always been a stumbling block to mid- to long-term development.

Expanding land allows the economy to start again Read More »

Global population aging reflects on intergenerational justice

Economic Development / , , /

The deadline for Britain's "hard Brexit" is imminent, and the uncertain future has made many young people feel despair about the future. Young people prefer to remain in the European Union, while older people prefer to leave the European Union. The generational gap emerged in the referendum two and a half years ago. The younger generation cannot influence the overall situation. They see their opportunities for free migration, work and study being stifled, and they will have to bear the consequences of Brexit at the mercy of the older generation for a long time to come. At present, the number of young voters has increased by 1.5 million. If history can repeat itself, I believe there will be a different outcome. The history of intergenerational injustice continues, and calls for a second referendum are rising, creating another democratic crisis.

Global population aging reflects on intergenerational justice Read More »

The disparity between rich and poor behind the money-spreading case

Economic Development / , , /

Hundreds of dollars in cash fell from the sky, and passers-by in Sham Shui Po immediately lost control and scrambled to grab it. Whether someone is showing off their wealth for self-promotion remains to be verified, and the business operations behind it are gradually being revealed. Greediness of human nature depicts all beings who pick up money, but the suspected money-spreader claimed that the move was to "rob the rich and give to the poor" and was supported by the neighbors. He later showed up again and donated meal tickets, which won applause from the residents. This farce can no longer be explained by petty gain. One-sixth of the subdivided flats in Hong Kong are located in Sham Shui Po. They are a reflection of grassroots life. People's sentiments are high on relieving the disadvantaged groups from their difficulties. It reflects the hidden problem of wealth disparity in the bustling city. .

The disparity between rich and poor behind the money-spreading case Read More »

Focus on development and pilot innovation in Hong Kong’s economy

Economic Development / , /

On the occasion of the 20th anniversary of China's return to the motherland, President Xi Jinping said that "there will be no boat rides after Suzhou" in Hong Kong. Seizing opportunities and seeking development is the golden key to solving Hong Kong's problems. In 2017, Hong Kong gradually reorganized its political and economic order. Many social conflict cases were brought to court, and the protesters paid the price for all the troubles. As the saying goes, Hong Kong cannot withstand internal strife. Fortunately, the economy has performed well in recent years. In 2017, it recorded a growth of 3.8%, a six-year high, laying the foundation for a harmonious and stable social environment.

Focus on development and pilot innovation in Hong Kong’s economy Read More »

Through the ups and downs, we stand at the forefront of the country’s opening up and development

Economic Development / , /

The political disputes in recent years have brought severe challenges to Hong Kong, causing some Hong Kong people to lose confidence in their prospects. Immigration overseas has once again become a topic of discussion among Hong Kong people. "One country, two systems" is an unprecedented new attempt. The implementation process will have twists and turns, and it is necessary to gradually enrich the connotation and improve the implementation model during the exploration process. At the end of 2016, Wang Guangya, director of the Hong Kong and Macao Affairs Office of the State Council, was interviewed and affirmed that Hong Kong still plays an indispensable role for the central government in opening up to the outside world. As long as we face the difficulties and make preparations in line with the national plan, Hong Kong will continue to play a pivotal role in the country's overall development layout.

Through the ups and downs, we stand at the forefront of the country’s opening up and development Read More »

Hong Kong’s irreplaceable and unique role in the new Sino-US trade situation 

Economic Development / /

Sino-US trade relations have once again worried the market after US President Trump took office. He once threatened to impose tariffs of 45% on Chinese imported goods. Initially, comments suspected that his tough attitude was just a populist slogan for posturing. However, given that he quickly announced his complete abandonment of the TPP, implemented a vigorous immigration ban, and recently proposed new taxes on Mexican goods, the new US government's aggressive China policy may not be just to gain bargaining chips. China and the United States are Hong Kong's largest trading partners, accounting for 51% and 7% of total trade respectively. Trade friction between the two countries is looming, and it is impossible for Hong Kong to remain immune. Regarding the future development of the situation, two extreme scenarios of optimism and pessimism can be deduced to consider how Hong Kong should handle itself.

Hong Kong’s irreplaceable and unique role in the new Sino-US trade situation  Read More »