Paul Chan: 1H to remain tough, 2H to pick up more noticeably

January 04, 2021 09:45

Financial Secretary Paul Chan said he expects Hong Kong’s economy will return to growth in 2021 after two consecutive years of contraction.

Chan noted in his blog that the tough economic situation is likely to persist in the first half of the year given the need to continue with various pandemic control measures. Cross border activities and the tourism sector also take a longer time to recover.

But with the pandemic control measures and increasing availability of Covid-19 vaccines, he believes the economy will pick up speed in the second half of the year.

Chan also pointed out the shift of consumption behavior to a stronger reliance on online shopping and home entertainment, as well as the popularity of home office and home education. These changes highlight the importance of technology to the city’s recovery and future growth.

-- Contact us at [email protected]

Hong Kong

Integration of GIS and BIM can drive development of smart city Dr. Winnie Tang

The China Association for Geospatial Industry and Sciences (“the CAGIS”) released the Top Ten Highlights of China's Geographic Information Industry in 2023, which provides much inspiration. The

Equip young people for the future Dr. Winnie Tang

In late February, the inaugural flight of an air taxi from Shenzhen Shekou Cruise Homeport to Zhuhai Jiuzhou Port took only 20 minutes with an estimated one-way ticket price of 200 to 300 yuan per

Are we raising a generation of leaders, or of followers? Brian YS Wong

The essence of education is defined not by the facts it imparts, but the potential knowledge it inspires students to individually pursue on their own. Put it this way – the ideal form of education

The urgent need for reforms to sex education in Hong Kong Sharon Chau

Nearly one in every four university students (23%) in Hong Kong has been sexually harassed, according to a 2019 report published by the Equal Opportunities Commission (EOC). A 2019 study found that

STEAM should be linked to real life Dr. Winnie Tang

In the 2017 Policy Address, STEM (science, technology, engineering and mathematics) education was proposed as one of the eight major directions to promote I&T development. Since then, funding has