Chen Maobo, director of the Hong Kong Financial Secretary, said that Hong Kong's economic recovery is still in the initial stage, and its strength needs to be reinforced.

According to Ming Pao reports, Chen Maobo wrote on the webmaster on Sunday (May 7) that if the surrounding market conditions have not deteriorated sharply, with a series of measures to support internal needs, and the continuous improvement of import and export in mainland China will continue to improveThe Hong Kong economy is expected to further improve during the year.

Chen Maobo said that the total revenue of restaurants in the first quarter of this year increased by 82%to 27.56 billion yuan (Hong Kong dollars, about $ 4.66 billion).The essence of consumer expenses increased by 12.5%year -on -year. The recovery of the tourism industry in Hong Kong, and the service output rose by 16.9%.

But he also pointed out that the overall exports of Hong Kong's overall goods were still recorded by 18.7%under the influence of weak peripheral environment and more uncertain factors.Therefore, in the first quarter of this year, it only increased by 2.7%year -on -year.

Chen Maobo said that these numbers reflect that the Hong Kong's economic recovery is still in the initial stage, and its strength needs to be reinforced. In particular, the Federal Reserve ’s interest rate hike was one -quarter last week, which made the peripheral economy face more uncertainty.sex.