| | JUNE 20244 The International Monetary Fund (IMF) has forecasted a continued economic downturn for Hong Kong over the forthcoming four years, attributing the trend to a confluence of demographic shifts, rising unemployment rates, and an ongoing real estate downturn. The IMF's recent report predicts a deceleration in China's GDP growth to 4.6 percent for the current year, a decrease from the 5.2 percent expansion recorded in 2023. The report further anticipates a contraction to 3.4 percent by 2028. Despite these challenges, business leaders in China, particularly in Hong Kong, are poised to confront these issues head-on. It is anticipated that embracing technological innovation will be a pivotal strategy in navigating the economic landscape ahead.This marks the dire need for a specialized chief strategy officer for every organization. Remember, your competitor is betting on you not having one. Strategists have to adjust their strategy to suit the hybrid work culture, leverage technology to offer clients the desired experience, and infuse data into marketing strategies, especially given the lack of room for error in the social media era. They must also know their own businesses and challenges well and be aware of the latest technologies. These factors are essential to create 360-degree strategies that are customized to their needs and that improve their customer satisfaction and business results. We have curated some interesting stories from Hong Kong's business realm in this yearly special issue. Do let us know your thoughts. Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialWhile Devising Strategies... Insights for Business LeadersVol 04 · Issue 04-5 ·JUNE, 2024Publisher Alok ChaturvediManaging Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Designers Girisha MSurbhi SumanVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran PerumalEditorialHima P.M. Keerthana Kantaraju Roshan Akthar Roopalatha H. hospitality from the hearttmOur hotel, restaurant & spa :traditional italian cuisineauthentic thai cuisineluxury boutique hotelsbuffalo wings & burgers+66 (0) 90 810 4888 | @thechiangmai | info@thechiangmai.com | thechiangmai.comintegrated solutions for quality living
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