Focus on Arts and Ecology

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China marks 25 years of Hong Kong's return

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July 1, 2022

July 1, 2022, marks the 25th anniversary of Hong Kong's return to China.  

Chinese President Xi Jinping met on Friday morning with John Lee, the newly inaugurated chief executive sixth-term government of the Hong Kong Special Administrative Region (HKSAR)  in Hong Kong, expressing full support for Lee and confidence in Hong Kong's future.
The practice of "One Country, Two Systems" in Hong Kong has achieved accomplishments "recognized worldwide," Chinese President Xi Jinping said on a visit to the Hong Kong Special Administrative Region (HKSAR) on Friday.

Xi said Hong Kong's return opened a new epoch in its history during which it has made irreplaceable contributions to the miracle of long-term, steady, and fast economic development of the motherland.

Watch Xi Jinping's full speech here. 


Hong Kong's economy after its return to China:

  • Hong Kong's overall economy has more than doubled in the past 25 years. The Gross Domestic Product (GDP) has climbed from HK$1.37 trillion (about $176 billion) in 1997 to HK$2.89 trillion (about $368 billion) in 2021
  • Although the economy braved four spells of markedly negative growth over the years, the annual growth rate has still averaged 3.54 percent since July 1997, comparable to many advanced economies
  • According to the World Trade Organization (WTO), Hong Kong was the world's sixth-largest exporter of merchandise trade in 2020
  • Before 2019, Hong Kong saw a remarkable downturn in crime. A total of 54,225 criminal cases were reported in 2018. According to the UN report on homicides in 2015, Hong Kong had the world's third-lowest murder rate per 100,000 population. 

(Sources: China Report)

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