Hong Kong residents' total income in the first quarter increased by 7.5% year-on-year
Xinhua News Agency, Hong Kong, June 15 (Reporter Wang Qian) Preliminary statistics released by the Census and Statistics Department of the Hong Kong Special Administrative Region Government on the 15th show that the total income of Hong Kong residents in the first quarter of 2021 at the then market price increased by 7.5% year-on-year to 722.1 billion. Hong Kong dollar.
The total income of local residents in Hong Kong refers to the total income earned by Hong Kong residents through various economic activities, regardless of whether the economic activities are carried out in Hong Kong or not.
Statistics show that after deducting the effects of price changes during the period, the total income of Hong Kong residents in the first quarter of 2021 increased by 9.0% year-on-year, while the GDP increased by 7.9% in real terms in the same quarter.
Liao Qun, a consultant at the Business School of Lingnan University in Hong Kong, believes that the increase in the total income of local residents is mainly due to the base effect.
The increase in the total income of local residents shows that Hong Kong's economy is continuously recovering.
Liang Haiming, a Hong Kong economist and director of the Silk Road Intelligence Valley Research Institute, believes that the increase in the total income of local residents in Hong Kong shows that as the epidemic is under control, social stability, and economic growth resume, the people will benefit.
Liang Haiming also believes that this is mainly due to the mainland, and it also means that Hong Kong residents will continue to increase their income in the future, and they need to further integrate into the overall national development and continue to participate in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area in order to share the steady economic development of the mainland. The bonus comes.