AMRO：2025年关于中国香港的年度咨询报告（英文版）

Amid heightened uncertainty, Hong Kong, China’s1 economy is contending with a complex balance of headwinds and tailwinds. The most immediate and pressing concern stems from the city's sensitivity to global trade, particularly the tensions between the US and China and the associated slowdown in global trade. However, within this challenging environment, Hong Kong’s unique role as a “super connector” between Mainland China and the rest of the world has come into sharper focus. This has supp