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TradebetweentheHongKongSpecialAdministrativeRegion(HKSAR)andtheChinesemainlandhassurgedmorethansixfo
TradebetweentheHongKongSpecialAdministrativeRegion(HKSAR)andtheChinesemainlandhassurgedmorethansixfoldsincetheregion'sreturntothemotherland25yearsago,officialdatashowed.From1997to2021,thevalsueoftradebetweentheSARandthemainlandincreased6.1timesfrom50.77billionU.S.dollarsto360.33billionU.S.dollars,anaverageannualincreaseof8.5percent,accordingtotheMinistryofCommerce.Bytheendof2021,investmentfromHongKongintothemainlandhadtopped1.4trillionU.S.dollars,thedatashowed.ShuJueting,aspokespersonforthecommerceministry,saidatapressbriefingonJune30thateconomicandtradecooperationbetweenthemainlandandHongKonghascontinuallydeepenedsince1997.Whileintegratingitselfintothecountry'soveralldevelopment,HongKonghasbecomeanimportantparticipantindomesticcirculationandakeycontributorconnectingdomesticandinternationalcirculations,shesaid.Overthepast25years,thecommerceministryhasworkedwiththeSARgovernmentoneconomicandtradecooperationmechanisms,facilitatedtheconstructionoftheGuangdong-HongKong-MacaoGreaterBayArea,andsupportedHongKong'sparticipationintheBeltandRoadInitiative.ThroughthesignatureoftheMainlandandHongKongCloserEconomicPartnershipArrangementandrelatedagreements,theliberalizationofthegoodstradebetweenthemainlandandHongKonghasbeenfullyachieved,andtheliberalizationoftheservicestradehasbeenbasicallyachieved,Shusaid.Lookingahead,ShusaidthatthecommerceministrywillcontinuetosupportHongKong'seconomicdevelopmentandtheimprovementofitsresidents'well-being,aswellastheregion'sintegrationintooverallnationaldevelopment.Sources:Xinhua,GlobalTimesEditor:DisclaimerTheviewsandopinionsexpressedinthisarticlearethoseoftheauthor's,GMW.cnmakesnorepresentationsastoaccuracy,suitability,orvalidityofanyinformationonthissiteandwillnotbeliableforanyerrors,omissions,ordelaysinthisinformation.