🔥 Hong Kong has just soared into the global spotlight, climbing two places to secure the 5th spot in the 2024 World Competitiveness Ranking by the International Institute for Management Development (IMD)! 🌍✨
This isn't just a number—it’s a testament to the city’s vibrant comeback and unstoppable spirit. 💪 After facing some tough times, Hong Kong is back on track, shining brighter than ever before.
According to the IMD report, Hong Kong rocked it in several key areas:
- 🏆 Ranked in the top 10 globally for Business Efficiency and Infrastructure.
- 🥉 Secured 3rd place in Government Efficiency.
- 📈 Showed significant improvement in Economic Performance, reflecting a solid economic recovery in 2023.
But that's not all! Hong Kong topped the world charts in:
- 🌐 International Trade
- 📜 Business Legislation
And landed in the global top five for:
- 💰 Tax Policy
- 💼 International Investment
- 🏗️ Basic Infrastructure
- 💳 Finance
- 🎓 Education
A spokesperson for the Hong Kong Special Administrative Region (HKSAR) government couldn’t hide their excitement: \"Having taken into account a host of factors including objective data and business opinions, the report recognized Hong Kong as one of the most competitive economies in the world,\" they said. 🙌
The HKSAR government has been on a mission, rolling out measures to boost market confidence, tourism, and consumption. They're all about advancing high-quality economic development by attracting enterprises, capital, and talent from around the globe, while nurturing new, top-notch productive forces. 🌱🌎
William Milner, associate director of the IMD World Competitiveness Center, chatted with CGTN about what's next for Hong Kong. He believes that to keep the momentum going, the city needs to:
- 🧭 Navigate the complicated external situation amid geopolitical tensions and evolving international trade patterns.
- 🚀 Capitalize on opportunities from the Chinese mainland’s pursuit of high-quality development.
- 💡 Advance innovation and technology development.
- 🌿 Promote green transformation.
Looking ahead, Hong Kong is set to continue cultivating new growth areas and enhancing its competitiveness. The city aims to act as a \\"super-connector\\" and a \\"super value-adder\\", linking cultures, economies, and ideas. 🌉✨
Stay tuned, because Hong Kong is not just climbing the ranks—it’s redefining them! 🚀🔥
Reference(s):
cgtn.com
