Xinhua
21 Nov 2023, 15:25 GMT+10
HONG KONG, Nov. 21 (Xinhua) -- Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Tuesday that the passenger traffic at the Hong Kong Airport is expected to fully recover in 2024.
Speaking at the ongoing Asian Logistics, Maritime and Aviation Conference here, Chan said that the passenger traffic at the Hong Kong Airport will return to 80 percent of the pre-pandemic level this year.
On the global economic prospect, Chan expected that high interest rates to persist for a longer period of time, and the global economy will grow more slowly in 2024 than this year, with higher downside risks, given the complexity and volatility of the geopolitical and economic external environment, as well as the fragility of the economic and financial system as a result of the deficits in a number of economies affected by the COVID-19 pandemic.
He pointed out that with growing challenges brought by climate change, green transformation, innovation and development of digital economy are highlighted in the world, and the HKSAR government will also continue to promote multilateral trade and enhance connectivity and cooperation with economies around the world.
The conference, jointly held by the Hong Kong Trade Development Council and the HKSAR government on Nov. 21-22, focuses on diversified strategies to cope with the changes and uncertainties in global trade, and at the same time, promotes Hong Kong globally.
Get a daily dose of New York Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New York Telegraph.
More InformationNEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
Multiple Kiev officials have criticized the halt of US weapon supplies Kiev is no longer a priority at the center of US foreign policy,...
The Obama administrations top spies manipulated the probe from the onset, according to John Ratcliffe A US intelligence report on...
Washington, DC [US], July 2 (ANI): US President Donald Trump was yet again at his rhetoric against the Democratic mayoral nominee for...
The US president has vowed to stop Zohran Mamdani from destroying the city US President Donald Trump has accused Democratic mayoral...