On the 3rd, Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, posted on his blog that with the continuous improvement of private consumption, coupled with the continued improvement of exports and fixed investment performance, the estimated gross domestic product (GDP) of Hong Kong in the first quarter of this year will further accelerate from the revised 4% growth in the fourth quarter of last year, becoming the strongest quarterly growth in nearly five years. Chen Maobo said that the tourism industry in Hong Kong continues to thrive, with the number of visitors in the first quarter accelerating to 17% year-on-year, exceeding 14.3 million, setting a new quarterly high after the epidemic. For the whole year, the number of visitors to Hong Kong is expected to exceed the original estimate of 53.8 million, which is expected to drive the total consumption related to inbound tourism to over HKD 240 billion, an increase of 9.5% compared to last year. He stated that according to data from major electronic payment platforms in Hong Kong, the daily consumption expenses of Hong Kong citizens have increased year-on-year for six consecutive quarters, with retail and food related consumption increasing by 5.2% year-on-year in the first quarter of this year. In the first quarter of this year, Hong Kong's exports continued to perform strongly, with a 32% increase in value, marking the 25th consecutive month of growth and the best quarter in five years. Chen Maobo stated that the Hong Kong economy is improving in terms of quality and growth, and moving forward. We should not only focus on "stability", but also actively "progress", especially in accelerating and deepening the application of artificial intelligence technology in different fields and talent training. With our own stable development and resilience, we can resist the uncertainty and impact of the global economy, and accelerate the development of the economy towards higher quality. (Looking into the New Era)