Xinhua News Agency, June 1, Hong Kong Special Administrative region Chief Executive Li Jiachao said at the 2023 Hong Kong Retail Summit that led by the strong recovery of local demand and the resumption of tourists visiting Hong Kong, Hong Kong's economy has improved significantly. In the first quarter of this year, real GDP grew by 2.7% year-on-year and 5.3% quarter-on-quarter, reversing the decline of the previous four consecutive seasons. The government launched "Hello, Hong Kong!" The two major promotional activities "Happy Hong Kong" and "Happy Hong Kong" also played a positive role in the further recovery of the retail industry. the consumption voucher scheme injected more than HK $30 billion of purchasing power into the local consumer market, close to Hong Kong's monthly retail sales. Li Jiachao is optimistic about Hong Kong's economic prospects and is confident that Hong Kong can join hands to contribute to the country's high-quality development.