As the Mid-Autumn Festival approaches, the streets and alleys of Hong Kong are adorned with colorful lanterns, exuding an air of holiday merriment.
Buying mooncakes and admiring lantern displays are traditional customs for Hong Kong residents during the Mid-Autumn Festival, which falls on September 17 this year. Celebrations are in full swing, with vibrant lantern exhibitions held across the city, where locals and visitors alike pause to capture moments, snap photos, and revel in the joyous activities together.
"The atmosphere of Mid-Autumn Festival in Hong Kong is particularly rich because it's a day for traditional family reunions. People buy mooncakes, admire the moon, and there are colorful lantern displays in many areas, like at the Victoria Park, the Hong Kong Cultural Center and the Sha Tin Park. People can feel the warm and bustling ambiance everywhere," said Ng Tang, chairman of the Hong Kong Shanxi Chamber of Commerce Limited.
Mooncakes in Hong Kong stores become especially popular, as many residents choose them for family visits and gatherings.
"The Mid-Autumn Festival is a traditional holiday. As it approaches, many people in Hong Kong start shopping around for mooncakes. Both locals and tourists visiting Hong Kong are eagerly anticipating this festival," said a local mooncake saleswoman.
Mid-Autumn Festival mood spreads across Hong Kong
China in 2024 saw a faster transformation and upgrading of investment in manufacturing industry, a strong growth of investment in high-tech industries, and a rebound of investment in infrastructure construction, according to the latest data released by the National Bureau of Statistics on Saturday.
The investment in manufacturing industry grew by 9.2 percent compared to the previous year, or six percentage points higher than the growth rate of overall investment. In particular, investment in technological upgrades of manufacturing industry increased by eight percent, or 4.8 percentage points higher than overall investment growth.
Private investment in manufacturing grew by 10.8 percent, driving up overall private investment by 5.3 percentage points.
The structure of investment continued to optimize. Investment in high-tech industries rose eight percent compared to the previous year, which was 4.8 percentage points higher than the growth rate of overall investment. In particular, investment in high-tech manufacturing grew by seven percent, and that in high-tech service industry grew by 10.2 percent. Investments related to high-tech industries, such as aerospace equipment manufacturing and professional technical services, increased by more than 30 percent.
In 2025, China plans to moderately increase central government budgetary investments, issue ultra-long-term special treasury bonds and local government special bonds, and enhance efforts to support projects for implementing major national strategies and building security capacity in key areas, as well as implementation of large-scale equipment upgrades and consumer goods trade-in programs, with the aim of stimulating private investment activity through various measures, effectively leveraging government investment to drive social investment, improving investment efficiency, and promoting steady growth in investments.
Transformation, upgrading of China's manufacturing investment accelerates in 2024