Blog

The two-day China Development Forum (CDF) opened in Beijing this morning. Under the theme of "Unleashing Development Momentum for Stable Growth of Global Economy", the CDF has brought together hundreds of chairpersons and chief executive officers of multinational enterprises, business leaders, scholars and representatives of international organisations from around the globe to explore the latest global development trends and potential collaboration opportunities.

Accelerating the development and practical application of innovation and technology (I&T), as well as fast-tracking the upgrading and transformation of industries and enterprises through technology, requires not only cutting-edge tech companies but also high-quality talent. In addition to attracting outstanding professionals from both Mainland and overseas regions to settle in Hong Kong, it is equally important to nurture young people’s interest in I&T. By better integrating education, technology and talent development, we can strengthen our talent base to support the needs of I&T development in Hong Kong more effectively.

The National Two Sessions currently taking place in Beijing have attracted significant attention. Despite the multiple challenges in a complex external environment, the Mainland’s economy has moved forward steadily, and high-quality development has continued to progress. Last year, the Mainland registered an economic growth of 5%, with its gross domestic product (GDP) reaching RMB135 trillion. Notably, technological innovation and its applications have gradually become the core driving forces of our country’s economic growth. The value added output of the core industries in the digital economy accounted for around 10% of GDP. Moreover, the added value of the “Three New” economy – namely new industries, new business models and new business formats – rose to over 18% of GDP. These indicators fully reflect the steady growth and solid momentum of our country’s economy.