Rebirth of the Strongest Tycoon

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Chapter 1537 Hong Kong GDP in 1986

As for the split of the national railways in the island country, will there be any accidents?

Without even asking Junpei Hinata, Xia Yu was 99% sure.

What if there was really a one percent chance?

Then he has the confidence to get things back on track.

After that, Xia Yu informed Chun Ping about the matters that should be paid attention to during the general election of the island country, and told him to contact Huo Jianning as soon as possible if there was anything.

After chatting for about twenty minutes, Xia Yucai and Huo Jianning were responsible for sending him out.

I looked at the time and saw it was already 10:02 am.

He stood up and came to the floor-to-ceiling window, looking in the direction of the Hong Kong Governor's Office, as if he could see the appointment ceremony being held there.

The current five-year term of Hong Kong Governor So Hing-kin is about to expire.

Under Xia Yu's operation, Su Xingjian will continue to serve as Hong Kong Governor, and the new term will last until around April 1992.

A few days ago, Su Xingjian returned to the UK and reported his work to the Queen and the Cabinet.

Yesterday evening, he was accompanied by British Foreign Minister Gerald Pat, who sent him to perform his duties on behalf of the higher authorities.

The ceremony officially started at 9 o'clock this morning.

All heavyweights from all walks of life in Xiangjiang received invitations to attend the ceremony, except of course the most important person, Xia Yu.

Because Su Xingjian and Gerald Pat have made an appointment with Xia Yu, they will immediately visit Xia Yu, the real talker of Xiangjiang, in a private capacity after the ceremony.

According to the flow of the ceremony, it will be over at 10 o'clock. Considering that it will take time for Su Xingjian to meet the guests who are watching the ceremony, and there is still a long way to go, it should be around 11 o'clock when we get to him.

There was still an hour left, and Xia Yu had no intention of going out.

After relaxing for a while, he suddenly thought of something. Huo Jianning gave him a report on the economic development of Xiangjiang a few days ago. After he took it home, he kept it in his study and had no time to read it because he was busy with his wife and children.

Just at this time, Huo Jianning returned to the office after delivering Junping.

"Jianning, you came back just in time. Do you still have the Hong Kong Economic Development Report from last year? If so, give me a copy."

"Okay, head of the house, I just have a reservation in my office, please wait a moment." Before he could sit down, Huo Jianning walked out quickly.

After a while, he came back with the materials.

"Master, in addition to the Xiangjiang Economic Development Report, I also got a copy of Su Xingjian's tenure report when he returned to the UK a few days ago."

With that said, Huo Jianning walked up to Xia Yu, bent down and handed the materials to Xia Yu, who was sitting on the sofa.

"His term report? If Su Xingjian came to read it, wouldn't it be the same as the British Prime Minister's treatment?"

Xia Yu joked after taking the materials.

Huo Jianning couldn't help but smile: "Master, your influence is not necessarily lower than that of the British Prime Minister. Maybe Su Xingjian will come over later and we can let him make a report."

"Ha ha…"

Xia Yu smiled and shook his head.

"Okay, if you are busy in advance, bring them over directly when they arrive."

"Okay, I won't disturb you then."

After saying that, Huo Jianning left the office quietly and slowly, and finally closed the door gently.

Xia Yu put Su Xingjian's five-year term report aside first, whether to read it or not.

This Xiangjiang economic development report, which came out relatively late this year, is something we should focus on.

The home page that opens shows Hong Kong's GDP-related data for 1986 last year, which was as high as 937.862 billion Hong Kong dollars, equivalent to 151.268 billion U.S. dollars.

The incremental GDP increased by HK$401.814 billion compared with last year's HK$542.282 billion, a year-on-year increase of 70.16%. Among the developed countries and regions that have been announced in the world, the growth rate ranks first!

It far exceeded the 30.09% growth rate in 1985 and more than doubled.

Among the published GDP data of all countries and regions, Xiangjiang ranks 16th in the world, 4 places higher than the 20th place in the world in 1985, surpassing South Korea, Saudi Arabia, Switzerland and Sweden!

In Asia, the GDP size is second only to island countries, mainland China, India, and Iran.

And it is only less than US$30 billion away from Iran.

It reaches more than half of the mainland and about one-ninth of the island country!

Of course, the reason why Hong Kong's GDP was so large and grew so fast last year was largely due to the substantial recovery of the global economy last year.

Because as far as developed countries and regions are concerned, the general GDP growth rate last year was extremely high.

For example, among the top twenty economies in the world.

Because the United States and the Soviet Union were too large, their growth rate was low.

Then exclude China, India and other countries from the ranks of developing countries.

The island country’s growth rate was 48.57%.

West Germany 43.34%.

Italy 41.59%.

France 39.47%.

Netherlands 39.63%.

Spain 39.07%.

…

If we push it forward one year, the GDP growth rate of many of these countries is only five or six points, which is far less than the 30.09% growth rate of Hong Kong the previous year.

With this kind of global economic recovery environment, the demand for goods from all walks of life has surged, which will naturally drive the GDP scale of Hong Kong to skyrocket.

The most important contribution to Hong Kong's GDP is the "one core and six pillars" industries.

These seven industries accounted for 97.34% of Hong Kong's economy last year, which was three points higher than the 94.25% of the previous year.

Thanks to the vigorous development of the financial industry last year, Xiangjiang has achieved outstanding results in building a global financial center, and with the help of the defense battle of Xiangjiang's financial market at the end of last year, the GDP of Xiangjiang's financial services industry reached 219.553 billion Hong Kong dollars, year-on-year. An increase of HK$120.479 billion, a growth rate of 121.6%, significantly outperforming Hong Kong's overall GDP growth rate.

The contribution of the financial services industry to Hong Kong's economy reached 23.41%, an increase of more than 5 points from the 18.27% of the previous year, and the contribution ratio also increased from fourth to first.

A major core finally lives up to its name!

The second largest industry is the trade logistics industry, with a GDP of HK$219.366 billion, an increase of HK$76.529 billion over the previous year, with a growth rate of 53.58%.

The contribution of the trade logistics industry to Hong Kong's economy also dropped from 26.34% the year before to 23.39%, surpassed by the financial services industry with a gap of 0.02%, and finally lost the throne it had held for decades.

The third largest industry is the electronics and high-tech industry, with a GDP of HK$210.55 billion, a year-on-year increase of HK$92.983 billion, and a growth rate of 79.09%, outperforming the overall growth rate.

The contribution of the electronics and high-tech industries to Hong Kong's economy has also increased from 21.68% to 22.45%, but the overall ranking has remained unchanged.

The fourth largest industry is the heavy machinery manufacturing industry. The GDP reached 198.358 billion Hong Kong dollars, a year-on-year increase of 79.923 billion Hong Kong dollars, with a growth rate of 67.48%. It also did not outperform the overall growth rate, so its contribution to Hong Kong's economy has dropped a bit. The industry scale ranking also dropped from 2nd to 4th.

The fifth largest industry is still the tourism and entertainment industry, with a GDP of HK$25.885 billion, a year-on-year increase of HK$11.135 billion, and a growth rate of 75.49%, which also outperformed the overall growth rate, but the overall ranking remained unchanged.

The sixth largest industry has become the petrochemical industry, with GDP reaching HK$21.946 billion, a year-on-year increase of HK$15.493 billion, and the highest growth rate, reaching 240.08%.

The petrochemical industry’s contribution to Hong Kong’s economy has also increased from 1.19% to 2.34%!

The seventh largest industry is the health industry, which Xia Yu has high hopes for. The GDP scale is only 17.257 billion Hong Kong dollars, an increase of 5.272 billion Hong Kong dollars. However, the year-on-year growth rate is 43.99%, which is the lowest among the seven major industries. Therefore, compared with the previous Sixth dropped to seventh.

The development of these seven major industries is excellent. Although there are differences in growth rates, the reasons are multifaceted.

Report analysis.

As Hong Kong's status as a global financial center becomes more and more stable, especially as the siphon phenomenon in Southeast Asia becomes more prominent, the financial services industry will grow rapidly.

In the electronics and high-tech industry, driven by the leading Tiangong Electronics Group and Tiangong Electrical Manufacturing Group, related industrial chains continue to converge, and the future prospects are very bright.

As for the heavy machinery manufacturing industry, led by Tiangong Automobile Group and Tiangong Shipbuilding Group, it is also developing rapidly. However, due to the limitations of Xiangjiang, Tiangong Automobile Group has placed part of its production capacity in the mainland, so the growth rate of this industry It is likely to decline in the future.

Although the proportion of the trade logistics industry continues to decline, the positioning of Hong Kong's international transit port is also being consolidated. However, the proportion of Hong Kong's economy will definitely decline further.

The petrochemical industry exploded last year because at the end of the previous year, the first phase of the 3-million-ton park of the Pacific Refinery on Lamma Island was put into operation, and then in the middle of last year, the second phase of the 3-million-ton park was also put into operation.

The third phase of the Pacific Refinery, with a capacity of 4 million tons, is under construction and will soon be put into use.

In addition, other companies are also vying to invest in and build oil refineries on Lamma Island. Therefore, the petrochemical industry in Xiangjiang will continue to explode in the future. The growth rate of UU Kanshu www.uukanshu.com in the next few years will not be less than 100%!

As for the tourism and entertainment industry, although its economic contribution is not high, the growth rate will be very stable. Xiangjiang's positioning as an international tourist city has become increasingly prominent, and it is not a problem to outperform or equal the overall growth rate.

The last big health industry, although the growth rate last year was low, it is understandable. Because the pharmaceutical industry, which can contribute the most to GDP in the big health industry, requires a certain period of time from research and development to launch. The outbreak period of this industry depends on the future. This is destined to be an industry that will never decline.

Last year, the GDP of the health industry increased by HK$5.272 billion, mainly due to the medical device industry and the health care products industry.

Of course, the report also pointed out some other issues that restricted economic development and growth, and Xia Yu noted them down.

At the end of the report, Xiangjiang’s strategic development plan of “one core and six pillars” was further affirmed.

Just when Xia Yu finished reading, the time had reached 10:50 unknowingly.

Suddenly the phone on the table rang. It was a call from the front desk, informing Huo Jianning that he and the Governor of Xiangjiang and others had arrived in the lobby on the first floor and were heading towards the elevator.