Hong Kong has seen significant improvements in economic growth and international confidence since the National Security Law became effective on June 30, 2020.
The law has enabled Hong Kong to move from chaos to stability, and ushered in a new era of "one country, two systems."
By safeguarding national sovereignty, security, and development interests, it has been fundamental to maintaining Hong Kong's prosperous development and economic growth.
According to data from the government of Hong Kong Special Administrative Region (HKSAR), the region's GDP reached 407 billion U.S. dollars in 2024, up 2.5 percent year on year. Meanwhile, preliminary estimates have placed Hong Kong's GDP growth in 2025 at 3.5 percent.
In Hong Kong, capital markets have strengthened sharply, with Initial Public Offerings (IPO) fund-raising in the first half of 2025 rising sevenfold to 14 billion U.S. dollars, ranking first globally.
By the end of 2024, the number of overseas and Chinese mainland companies operating in Hong Kong had increased 10 percent year on year to 9,960.
Hong Kong's international status and confidence have also strengthened alongside the recovery. In 2025, it was ranked the world's freest economy, placed third as a global financial center, and returned to the top three in world competitiveness rankings.
Hong Kong witnesses renewed economic growth since National Security Law took effect in 2020
China launched the second event of its 2026 "Big Market for All: Export to China" campaign in Hangzhou City of east China's Zhejiang on Sunday, as part of the country's broader push to expand imports and tap the purchasing power of its vast consumer market.
The three-day event, co-hosted by China's Ministry of Commerce and the People's Government of Zhejiang Province, is bringing together global brands, importers and consumers under one roof.
Minister of Commerce Wang Wentao attended the launch ceremony of the event and delivered an address.
More than 1,000 imported products are on display, from food and consumer goods to advanced industrial components.
The campaign aims to turn China's massive market into a gateway for global products, according to officials.
"The event highlights China's determination to independently expand unilateral and self-reliant opening-up. It is also China's active response to the needs of its global trading partners and our practical step to work together with them to grow the pie of international trade," said Xiao Lu, deputy director of the Department of Foreign Trade at the Ministry of Commerce.
Nearly 100 import-focused companies are taking part, showcasing products and exploring opportunities in China's fast-growing consumer market.
"We have selected popular product choices favored by Chinese tourists who have visited Egypt," said Cao Kezhen, chief representative for China at the CHIMENA (China-India-Middle East-North Africa) Business Council.
Starting from May 1, 2026, China will fully implement zero-tariff treatment for 53 African countries that have established diplomatic relations with China, so many Egyptian businesses are eager to explore the Chinese market, Cao said.
New technologies are also helping bring overseas products closer to Chinese consumers.
"In recent years, China has introduced a range of policies to encourage imports. These measures allow Chinese consumers to buy quality products from around the world at competitive prices through cross-border e-commerce. Going forward, we plan to shift more focus onto the development of a digital supply chain from the traditional supply chain, customs declaration and inspection, logistics, warehousing and distribution," said Shan Li, chairman of High Store Tech, a supply chain service provider for global brands.
Sunday's event followed the inaugural gathering, which took place under the same theme in the national capital Beijing in February.
China launches event in Hangzhou to expand imports, boost consumption
