Chapter 1396: The development of Hong Kong that satisfies Xia Yu

According to the customs on the Chinese side of the world, after the New Year, one should take one's wife back to one's family.

However, Xia Yu's situation was special, so Xia Yu just went to Macau.

As for the United Kingdom, the United States and the island countries, Xia Yu did not go there.

Despite this, he was kept busy after the New Year, either being visited or visiting others.

This situation continued until the seventh day of the New Year, when things improved.

That afternoon, Xia Yu was sitting on a garden chair, leisurely drinking afternoon tea and intently reading the material in his hands.

At that moment, he heard light footsteps behind him.

'Elena, why are you awake?'

'Aren't you going to sleep a little longer?'

Xia Yu quickly put his teacup and documents on the table, got up and carefully helped Elena, who was carrying a big belly, saying gently:

With Xia Yu's help, the servant who was waiting nearby took a step back and waited quietly.

'Honey, the little one is a bit naughty,'

Elena smiled gently, looked down, caressed her belly with her delicate hands, and exuded the radiance of motherly love.

She was already five months pregnant, so she really felt the baby moving.

'At this time, the little one will toss the mother around.'

'Elena, sit down, don't stand for long.'

Xia Yu laughed lightly, helped his wife sit down in the chair next to her, and then crouched down, his ear pressed against Elena's stomach.

After a while,

'Hey, the little one is really moving.'

Xia Yu said with a smile as he looked at Elena.

Then Xia Yu stroked Elena's belly and whispered, 'Little one, don't be so naughty, mommy is having a hard time, do you hear me?'

Looking at her husband, Elena's eyes seemed to overflow with happiness.

'The little one is actually quite good, he likes listening to music, and he is especially quiet when I talk about the piano.'

'It seems that the little one has inherited our musical talent and will definitely be a great musician in the future.'

'...'

Children are a common topic of conversation between parents, and before they knew it, the couple had been chatting in the garden for more than 20 minutes.

After Elena had been given a drink of water by Xia Yu, she looked at the documents on the table next to them and said with concern, 'My dear, you have a lot of work to do, but you must also take care to rest.'

'I know, and you know my body well. I practise martial arts every day, and I'm doing great!'

'A half-hour nap this afternoon was enough.'

'The Hong Kong government sent over last year's development report, so I'll take a look at it,'

Xia Yu said with a light smile.

Irina blinked her beautiful big eyes and asked curiously, 'How did Hong Kong develop last year?'

'Although Hong Kong's social welfare is not as high as that in Europe, I feel that Hong Kong is full of vitality and all walks of life are booming.'

Xia Yu nodded with a smile and said with a hint of pride, 'With our family's various major companies, Hong Kong has installed many super engines, so of course the development is very good.'

'Come, let's take a look together.'

'I've just started reading it too.'

With that, Xia Yu picked up the document again, leaned in close to Elena, and the two of them read it together.

In 1985, Hong Kong's social and livelihood welfare construction was still not as good as many Western countries, but there had been great progress compared to last year.

This is reflected in the data in the report.

There are clear statistics on education, healthcare, housing, transport infrastructure, etc., as well as the rate of increase compared to last year.

What Xia Yu is more concerned about is the development of the Hong Kong economy.

According to statistics, Hong Kong's GDP last year was a whopping 542.282 billion Hong Kong dollars, equivalent to 88.899 billion US dollars.

In 1984, the year before last, the GDP was 416.837 billion Hong Kong dollars, equivalent to 68.334 billion US dollars.

So last year's GDP increased by 30.09% year-on-year!

The growth rate was 18.87% lower than last year's 48.96%.

But considering the actual situation, it is considered normal. After all, in 1984, Xia Yu's many companies in Hong Kong developed explosively, contributing greatly to Hong Kong's GDP.

Another reason is that the previous high growth rate was largely due to a low base, which exaggerated the growth rate.

Now that the base value is getting higher and higher, it is unrealistic to expect a growth rate of 48.96%.

Compared with other Asian countries, Hong Kong's growth rate of over 30% last year is definitely enough to rank second in Asia!

The reason why it is not number one

is because the Maldives has taken the top spot.

Who let the Maldives have such a thin base?

After Xia Yu invested a large amount of resources, the economy developed by leaps and bounds, incomparable.

Getting back to the topic, it is absolutely gratifying that Hong Kong's GDP has exceeded the HK$500 billion mark.

What Xia Yu is even more satisfied with is actually the growth of the seven industries of 'one core and six pillars'.

The scale of the seven industries accounted for 92.54% of Hong Kong's economy the year before last.

Last year, this proportion increased to 94.25%, which is quite a lot.

The ranking of the seven industries is the same as the year before, except that the gap between each industry has changed.

The first echelon is still the trade and logistics industry, heavy machinery manufacturing industry, electronics and high-tech industry, and financial services industry.

The industry that contributed the most is still the trade and logistics industry, but its contribution has decreased by 1.4% compared to the year before, and now accounts for 26.34%. The industry added value is 142.837 billion Hong Kong dollars.

Second place went to the heavy machinery manufacturing industry, which contributed 21.84%, also a decrease of 0.46% from the previous year, but with an industry added value of 118.434 billion Hong Kong dollars.

Xia Yu believes that this is because the explosive growth period of the Tiangong Automobile Group and Tiangong Machinery Group has passed, and they are gradually encountering bottlenecks.

The electronics and high-tech industry, in third place, contributed 21.68%, an increase of more than two points compared to the previous year, and the industry added value was 117.567 billion Hong Kong dollars.

It can be seen that the development potential of the electronics and high-tech industry can still be vigorously tapped, and it will definitely surpass the heavy machinery manufacturing industry this year.

In fourth place is the financial services industry, which contributed 18.27%, also an increase of 0.57%, and the industry added value was 99.075 billion Hong Kong dollars.

These four pillar industries together contributed a whopping 88.13%, which is slightly higher than the previous year's proportion.

The second echelon is still the tourism and entertainment industry, the healthcare industry and the petrochemical industry.

In fifth place is the tourism and entertainment industry, which contributed 2.72%, an increase of 0.32%, and an industry added value of HK$14.75 billion.

In sixth place is the big health industry, which contributed 2.21% and grew 0.5%, with an industry added value of HK$11.984 billion.

In seventh place is the petrochemical industry, which contributed 1.19% and grew 0.29%, with an industry added value of HK$6.453 billion.

These three industries may not seem very impressive, but if you look at the year-on-year growth rate, it's scary.

The year-on-year growth rates of the three industries were 52.18%, 73.68% and 72.41% respectively!

This year-on-year growth rate is higher than that of the four major industries in the first echelon!

Considering the petrochemical industry, the first phase of the Pacific Oil Company's petrochemical base on Lamma Island was only completed in November last year, and the second and third phases will be completed by the middle of this year and the end of the year respectively.

Other foreign oil companies and local capital are also investing, and production will gradually begin this year.

Xia Yu is therefore certain that this year will be a breakthrough year for the petrochemical industry!

However, for Hong Kong, there are also disadvantages. That is, the previous complete reliance on the imported oil industry will gradually be replaced by locally produced oil.

In this way, there will be a certain impact on Hong Kong's trade and logistics industries.

After all, it has changed from importing fuel oil to importing crude oil, and some oil derivatives can also be imported less.

Of course, in the long run, the impact in this area will ultimately be eliminated again.

This day will not be too far away. When Hong Kong's petrochemical industry explodes and Hong Kong changes from an oil-importing region to an oil-exporting region, the impact will naturally be eliminated.

...

After reading the document, Elena thoughtfully said to Xia Yu, 'My dear, I didn't expect that Hong Kong's GDP has reached 888.99 billion U.S. dollars. I think this scale has the potential to make Hong Kong enter the top 20 in the world!'

Xia Yu smiled: 'It is possible. According to the ranking of Economic Weekly, Hong Kong's GDP ranked 23rd in the world the year before last, a little better than Austria.'

'I remember Indonesia was 20th the year before last, with a GDP of just over 80 billion U.S. dollars.'

'Although there are still many countries around the world that have not yet been counted, Indonesia's has been, and it is only 85.289 billion U.S. dollars, almost the same as before. Hong Kong's is more than that!'

'I think the Economic Weekly should release the rankings by next month at the latest, and we'll know then.'

'Well, we'll see about that later,' said Elena with a light nod and a smile.

'Elena, the sun is shining over here, let's go inside.'

'Okay.'

'Walk slowly and be careful.'

Xia Yu took Elena's waist with his right hand, and with his left hand he supported her as they walked carefully towards the house.