Full reopening an opportunity Hong Kong can’t miss

China lodges representations with U.S. over shooting down of airship Editor’s note: CGTN’s First Voice provides instant commentary on breaking stories. The column clarifies emerging issues and better defines the news agenda, offering a Chinese perspective on the latest global events. The development of Hong Kong Special Administrative Region (SAR) got off to a solid start with the full resumption of cross-border travel with the Chinese mainland on Monday. The city has had a tough time in the past three years – shortly after the 2019 violence, it was caught in a three-year pandemic. The long-awaited full border reopening is an opportunity for Hong Kong to revive its economy and further engage with the plan of Guangdong-Hong Kong-Macao Greater Bay Area (GBA). As the Chinese mainland drops its restrictions on travel, Hong Kong will likely see a 7.6 percent boost to its gross domestic product, according to Goldman Sachs Group Inc. The city, as an international financial hub, has been one of the favorite travel destinations among mainlanders. Of the 154 million outbound mainland travelers before the pandemic, 36 percent – as World Bank and Hong Kong Tourism Board statistics show – came to Hong Kong. The influx of […]

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