Hong Kong’s business community has long recognised the geopolitical and economic challenges we face daily, and I, along with many others, have frequently shared my perspectives on these.
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In today’s fast-changing world, some industries will fare better than others. For example, the food and beverage sector might find it remarkably difficult to return to its dynamic past, as the city’s operating costs are very high compared to in Shenzhen. In contrast, the prospects for our financial and professional services remain good.
Xia urged the business community to be more proactive in driving economic growth and diversification. He emphasised the importance of adapting to changing trends as Hong Kong enters a new phase of economic development, highlighting the community’s critical role in fostering change and boosting confidence in the city.
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