The pre estimated figures released by the Census and Statistics Department of the Hong Kong Special Administrative Region Government on the 5th showed that the gross domestic product of Hong Kong in the first quarter increased by 5.9% in real terms year-on-year, with a quarterly growth rate reaching a new high in nearly five years. Data shows that private consumption expenditure in Hong Kong increased by 5.0% in real terms year-on-year in the first quarter, further accelerating from the 2.5% growth rate in the fourth quarter of last year; The total amount of local fixed capital formation increased by 17.7% year-on-year; In terms of trade, according to the definition of national economic accounting, Hong Kong's total exports of goods in the first three months of this year increased by 23.8% year-on-year in real terms, and imports of goods increased by 29.9% year-on-year. After seasonal adjustment, Hong Kong's gross domestic product in the first quarter increased by 2.9% in real terms compared to the previous quarter. A spokesperson for the Special Administrative Region government stated that the Hong Kong economy experienced strong growth in the first quarter. Looking ahead, the economic outlook for Hong Kong remains optimistic, thanks to the strong global demand for AI related electronic products, sustained growth in visitor numbers, and active cross-border financial activities. However, the ongoing tensions in the Middle East pose a downside risk to the economic outlook. The SAR government has taken targeted measures to ensure stable energy supply and reduce the impact on related industries. Chairman of the Hong Kong Economic Think Tank, Shi Zhu, believes that Hong Kong's economic growth momentum in the first quarter came from a wide range of sources, and the overall structure became more balanced. He analyzed that factors such as steady recovery of local domestic demand, significant recovery of foreign trade, and continuous optimization of policies and business environment have formed a joint force to promote the steady growth of Hong Kong's economy. (Looking into the New Era)