Latest News:  
Beijing   Sunny    4 / -7   City Forecast

People's Daily Online>>China Business

How will HK go through economic difficulties in 2012 (2)

By Wang Ping (People's Daily Overseas Edition)

14:09, January 13, 2012

In Hong Kong, the added value of the service industry accounts for 93 percent of the GDP. The central government has committed that it will fundamentally realize free service trade between Hong Kong and the mainland at the end of the 12th Five-Year Plan period.

The mainland's service industry will have a great development in the period and it will be great business opportunity for Hong Kong. The renowned medical services will soon appear in provincial capitals and municipality cities of the mainland, and there are already many cases that Hong Kong universities and mainland organizations jointly establish research institutes, laboratories or schools.

The mainland strengthens Hong Kong's "toughness"

In the U.S. and European debt crises of 2011, Hong Kong's situation was the best in the three global financial centers of the New York, London and Hong Kong. Since the government of the Hong Kong Special Administrative Region has taken measures in time and the increasing tourists from the mainland to Hong Kong are expanding Hong Kong's domestic demand, Hong Kong has become "very tough" now.

The general manager of the Economic Research Center under the Bank of China (Hong Kong) Xie Guoliang said that as long as China's economic growth rate could maintain 8.5 percent in 2012, Hong Kong's economy will not slow down.

【1】 【2】

Email|Print|Comments(Editor:厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. People begin to queue for release of iPhone 4S outside Apple store

  2. Lingering drought causes severe water shortage in Jiangxi Province

  3. Dinosaur fossils exhibition held in E China

  4. Hong Kong Post to issue special stamps for Year of Dragon

Most Popular

Opinions

  1. US dollar is just a dirty shirt
  2. Factors affecting world economy in 2012
  3. Why Russia's aircraft carrier visits Syrian port
  4. Central grain reserves turn into 'market stabilizer'
  5. A priority for Asia-Pacific shift
  6. Will US decline soon?
  7. High-level visits can boost Sino-US ties
  8. S.Korea, China can pull up from their nosedive
  9. Helping Iran weather a looming storm
  10. Give up copying US standards without question

What's happening in China

Hong Kong Post to issue special stamps for Year of Dragon

  1. Probe into formula milk after death of baby
  2. 44 arrested over loans in 'the village of BMWs'
  3. China's journalists told to better cover grassroots
  4. Client info leaked from e-shopping site
  5. Moutai ranked fourth most valuable label

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance