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.

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.

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.