Deputy Director of the Joint Office of the Communist Party of China: The establishment of the Hong Kong Web3.0 Association has provided a good soil and platform for the development of the digital economy

According to reports, Chen Dong, Deputy Director of the Joint Office of the Communist Party of China, stated in his speech at the “2023 Digital Economy Summit” that Hong Kong has a good foundation and unique advantages in developing the digital economy. The recent establishment of the Hong Kong Web3.0 Association also demonstrates that Hong Kong has the vitality and environment to develop the digital economy and digital technology. Hong Kong’s free, open and standardized business environment provides a good soil and platform for the development of the digital economy. Chen Dong emphasized that developing the digital economy has become a national strategy, and the added value of new industries, new formats, and new models accounts for over 17% of the gross domestic product. (Hong Kong Business Daily)

Deputy Director of the Joint Office of the Communist Party of China: The establishment of the Hong Kong Web3.0 Association has provided a good soil and platform for the development of the digital economy

I. Introduction
– Briefly introduce the topic of the article
– Provide background information on the “2023 Digital Economy Summit”
II. Hong Kong’s foundation and advantages in developing the digital economy
– Discuss Chen Dong’s statement on Hong Kong’s foundation and unique advantages
– Explain how the recent establishment of the Hong Kong Web3.0 Association demonstrates Hong Kong’s vitality and environment for digital economy development
– Analyze Hong Kong’s free, open, and standardized business environment as a good platform for digital economy development
III. Development of the digital economy as a national strategy
– Emphasize Chen Dong’s point that the development of the digital economy has become a national strategy
– Explain the added value of new industries, new formats, and new models accounting for over 17% of the GDP
IV. Conclusion
– Summarize the main points of the article
– Highlight the significance of Hong Kong’s potential in developing the digital economy

According to Reports, Chen Dong Says Hong Kong has a Good Foundation and Unique Advantages in Developing the Digital Economy

As advancements in technology continue to sweep across the world, countries are looking for ways to stay competitive and keep up with the changing times. In recent years, the digital economy has become an important aspect of a country’s economic strategy. Hong Kong, in particular, has been singled out as having a good foundation and unique advantages in developing the digital economy.
Deputy Director of the Joint Office of the Communist Party of China, Chen Dong, made this statement in his speech at the “2023 Digital Economy Summit”. He emphasized that the digital economy has become a national strategy, and the added value of new industries, new formats, and new models accounts for over 17% of the gross domestic product.
Hong Kong has shown its potential in the digital economy through the recent establishment of the Hong Kong Web3.0 Association. This move demonstrates that Hong Kong has the vitality and environment to develop the digital economy and digital technology. The Web3.0 Association aims to promote blockchain technology and related industries in Hong Kong, and its establishment is a clear indication that Hong Kong is serious about developing the digital economy.
Hong Kong’s free, open, and standardized business environment provides a good soil and platform for the development of the digital economy. Businesses in Hong Kong enjoy the benefits of a low tax rate and low regulations, which makes it a highly attractive destination for businesses in general. This also includes businesses in the digital economy, where agility and flexibility are crucial. Hong Kong’s business environment is also conducive to startups and entrepreneurs who are looking to innovate and experiment in the digital economy.
The digital economy is no longer just a niche sector or a trend that comes and goes. It has become an integral part of our lives and our economies. This is why Chen Dong’s emphasis on developing the digital economy as a national strategy is significant. Hong Kong, with its strong foundation and unique advantages, is in a good position to capitalize on this national strategy and take a leading role in the digital economy.
In conclusion, Hong Kong’s potential in the digital economy is evident. Its free, open, and standardized business environment, coupled with the recent establishment of the Hong Kong Web3.0 Association, demonstrates that Hong Kong has the vitality and environment to develop the digital economy and digital technology. With the development of the digital economy becoming a national strategy, Hong Kong has the opportunity to take a leading role in this field.

FAQs

1. What is the digital economy?
The digital economy refers to economic activities that are based on digital technologies, such as the internet, smartphones, and other digital devices. This includes e-commerce, digital payments, software development, and other digital services.
2. Why is Hong Kong well-positioned to develop the digital economy?
Hong Kong’s free, open, and standardized business environment provides a good platform for the development of the digital economy. Its low tax rate and low regulations make it highly attractive for businesses, including those in the digital economy. Hong Kong is also known for its agility and flexibility, which is crucial for startups and entrepreneurs who are looking to innovate and experiment in the digital economy.
3. What is the added value of new industries, new formats, and new models in the GDP?
According to Deputy Director Chen Dong, the added value of new industries, new formats, and new models accounts for over 17% of the gross domestic product in China. This demonstrates the significant impact that the digital economy has on the overall economy, making it an important sector to focus on for economic growth.