Hong Kong Should Endeavor to Diversify Economy, Financial Secretary Chan Says

Hong Kong Should Endeavor to Diversify Economy, Financial Secretary Chan Says

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses Hong Kong's economic landscape, emphasizing the need for diversification beyond its service industries, which are vulnerable to global economic changes. It highlights Hong Kong's strengths in financial services and the importance of developing talent-intensive and high value-added industries. The text also outlines strategies to enhance financial resilience and maintain Hong Kong's position as a global financial center.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of Hong Kong's GDP in 2017 was accounted for by service industries?

Over 57%

Less than 50%

Exactly 60%

About 45%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it difficult for Hong Kong to revert to labor-intensive production industries?

Limited technological advancement

Insufficient government support

High land and production costs

Lack of skilled labor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key strategies suggested for Hong Kong's economic diversification?

Investing in natural resource extraction

Developing talent-intensive industries

Expanding agricultural activities

Focusing on low-cost manufacturing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT mentioned as a strength of Hong Kong's financial sector?

Ample liquidity

Sound legal system

Free flow of information

High taxation rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key focus for enhancing Hong Kong's financial services industry?

Limiting investor protection

Reducing international collaborations

Decreasing market liquidity

Strengthening regulatory frameworks