The tomorrow of the Hong Kong Special Administrative Region (SAR) will definitely be better, a Chinese Foreign Ministry spokesman said on Thursday, in commenting on Hong Kong's return to the top three in global competitiveness ranking.
Hong Kong has climbed two spots to rank the third in the World Competitiveness Yearbook 2025 published Tuesday by the Switzerland-based International Institute for Management Development, marking the region's return to the top three for the first time since 2019.
Most notably, Hong Kong ranks the first worldwide in tax policy and business legislation, according to the report.
"It is a recognition of Hong Kong’s unique position and strength, and the prospect of One Country, Two Systems. Hong Kong has entered a stage where it is set to thrive. It is becoming more attractive as an international financial center, and it is drawing more foreign companies and individuals to make investments and start new businesses. Hong Kong remains one of the world’s freest economies and most competitive regions," said Guo Jiakun, the spokesman, at a press conference in Beijing.
"According to statistics, the Hong Kong Exchanges and Clearing Limited (HKEX) gained No.1 spot in global fundraising in the first half of this year, with a total amount of 14 billion U.S. dollars. The number of overseas visitors received by Hong Kong in the first five months of this year rose by 18 percent year on year, and a number of large international companies have redomiciled to Hong Kong. Those are votes of confidence for Hong Kong from the international community," he said.
"The Hong Kong National Security Law will soon enter its fifth year of implementation. We believe that with the institutional safeguards of One Country, Two Systems, and given Hong Kong’s unique advantage of having the backing of the motherland and being connected to the world as well as a secure environment for high-quality development, Hong Kong is headed to an even brighter future," said the spokesman.
Hong Kong definitely to have better tomorrow: spokesman
Slovak citizens have spoken highly of China's remarkable development accomplishments and voiced expectations for closer bilateral cooperation as their president is paying a state visit to China.
At the invitation of Chinese President Xi Jinping, President of the Slovak Republic Peter Pellegrini is on a state visit to China from Monday to Wednesday.
In a recent vox pop by China Global Television Network (CGTN), local people in Bratislava, Slovakia's capital, shared their impressions of China, outlooks on bilateral relations, and hopes for the presidential visit. Interviewees across different professions praised China's progress, with many highlighting its remarkable advances in infrastructure, technological innovation and economic growth.
Daniele, an IT developer, was particularly drawn to China's rich cultural heritage.
"It has a very nice culture, so that's why in the future I think I will visit this country," he said.
For others, China's forward-looking vision is a major source of inspiration. Veronika, a sales clerk, expressed her fascination with the country's technological strides.
"I have a very positive view of China. I'm fascinated by its technology and enjoy learning about it. I think there's a lot we can learn from China, and I really admire how forward-looking it is," she said.
Robin, another sales clerk, sees valuable lessons for Slovakia in China's economic model.
"It's a big country with a long history, and I think concerning the economy, it's something we can learn about to make our own economy more versatile," he said.
Jan Kubo, an administrative manager, was impressed by the sheer scale of China's development.
"China impressed me with the sheer scale of infrastructure development and economic growth," he said.
Looking ahead to how bilateral ties may evolve after the state visit, most interviewees expressed optimism about mutually beneficial collaboration.
"I think China could really contribute a lot to Slovakia's development. As I mentioned earlier, this is particularly the case with technology – whether it's cars, machinery, heavy equipment, or everyday items like phones, tablets and computers. There's definitely a lot we can learn from China, and I believe that's going to help us move forward," said Veronika.
"It's very important that these countries work together because they can learn from each other," said Robin.
When it comes to overall expectations for the presidential visit, local residents looked forward to tangible outcomes and closer bonds between the two countries.
"I certainly expect the visit to bring tangible benefits to our country. I hope the two sides will reach agreements that benefit the Slovak Republic," said Veronika.
"He is representing our European values, this is very important. But also strengthen the ties between the two countries," said Robin.
Slovaks praise China's development, eye deeper cooperation as president visits China
