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Govt rejects UK report on HK

The Hong Kong Special Administrative Region Government today vehemently refuted, strongly disapproved of and firmly rejected the slandering remarks and ill-intentioned political attacks on the city under the successful application of “one country, two systems” in the so-called United Kingdom Six-monthly Report on Hong Kong: July to December 2022.   In a press statement, the Government again urged the UK to respect international law and the basic norms governing international relations and stop interfering in Hong Kong matters, which are purely China’s internal affairs.   Improved electoral system for patriots to administer HK The new electoral system has established the Legislative Council Election Committee Constituency which goes beyond the vested interests of various groups and districts, and broadened the representation in Hong Kong’s political structure in a balanced and orderly manner, thereby enhancing the city’s governance efficiency, the statement pointed out.   The sev
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FS expects strong GDP growth

Financial Secretary Paul Chan welcomed the passage of the Appropriation Bill 2021, adding that he expected Hong Kong to register a relatively strong, positive GDP growth in the first quarter.   Meeting the media after the bill was passed by the Legislative Council today, Mr Chan noted that the advance estimates on GDP for the first quarter will be published next week.   He expected a rebound in the GDP figure due to the improved COVID-19 pandemic situation and strong recovery in the external economic environment.   “We expect there would be pretty strong GDP growth because of the fact that the comparison base last year is very low. We registered a contraction of 9% in last year’s first quarter.   “Also, since the middle of last year, although on a year-over-year basis the GDP continued to contract, on the basis of quarter-to-quarter GDP comparison we have seen gradual improvement since the third quarter.   “Given that the pandemic situation now in Hong Kong is pretty much under control - although we still need to be very vigilant - and considering the fact that the external economic environment is also recovering very strongly, no matter if it is in the Mainland, the US or other Asian countries, we are confident that with the impressive improvement on the trade side and the gradual recovery on domestic consumption, the first quarter of this year will see a relatively strong, positive GDP growth.”
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