HONG KONG remains resilient as a world shipping centre buoyed by the strong support of companies and capital from the mainland, according to Gary Lau, chairman of the Hong Kong Association of Freight Forwarding and Logistics, reports Beijing's Global Times.
In an interview ahead of the 25th anniversary of Hong Kong's return to China, Mr Lau said that while the political events in recent years have caused many doubts about Hong Kong, confidence in the city's future development remains solid thanks to the momentum from the mainland.
'Many companies still believe that Hong Kong's economic development is inseparable from the mainland and has great potential and advantages, so their confidence in Hong Kong has not been shaken,' Mr Lau said.
The trade and logistics industry remains a major pillar of Hong Kong's economy, accounting for about one-fifth of the GDP. Backed by the vast mainland market, shipping has long been the core business of Hong Kong, and its container throughput has ranked first in the world for many times.
In recent years, the increasingly fierce market competition has impacted Hong Kong's container throughput, while the epidemic situation in the city led to the drop of the port cargo and container throughput in the first quarter by 13.8 and 9.9 per cent year on year.
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In an interview ahead of the 25th anniversary of Hong Kong's return to China, Mr Lau said that while the political events in recent years have caused many doubts about Hong Kong, confidence in the city's future development remains solid thanks to the momentum from the mainland.
'Many companies still believe that Hong Kong's economic development is inseparable from the mainland and has great potential and advantages, so their confidence in Hong Kong has not been shaken,' Mr Lau said.
The trade and logistics industry remains a major pillar of Hong Kong's economy, accounting for about one-fifth of the GDP. Backed by the vast mainland market, shipping has long been the core business of Hong Kong, and its container throughput has ranked first in the world for many times.
In recent years, the increasingly fierce market competition has impacted Hong Kong's container throughput, while the epidemic situation in the city led to the drop of the port cargo and container throughput in the first quarter by 13.8 and 9.9 per cent year on year.
SeaNews Turkey
