Opinion | The revelation of population recovery and growth

By Dr. Kevin Lau

The Census and Statistics Department has just released the provisional figures for Hong Kong's population at the end of last year, which stands at 7.531 million people. Compared to the figures at the end of 2022, there has been an increase of over 30,000 individuals. The main reason for this population growth is the net in-migration of nearly 52,000 residents during 2023.

Upon observing these statistics, I am filled with reassurance and delight.  Firstly, the population raise proves that Hong Kong remains attractive and competitive to the market.  In this world, people frequently express their choices through physical relocation. It is not uncommon for cities to witness a decline in population subsequent to the decline of their primary industries, thereby leading to the erosion of prior prosperity. The imperative for survival impels individuals to seek more promising horizons, forsaking locales devoid of employment prospects and opportunities for development. The consecutive two-year growth in Hong Kong's population after a period of normalization clearly demonstrates the sustained appeal of Hong Kong. Otherwise, people would not elect to designate this place as their beloved home.

Secondly, the scarcity of labor poses a significant concern for numerous local businesses, extending beyond the catering industry.  A multitude of industries grapple with operational challenges stemming from the dearth of available workforce.  Across nearly all sectors, human resources constitute a crucial element in the production process. Despite the prevalence of advanced automation in contemporary processes, labor continues to be an indispensable factor. Consequently, the resurgent population growth holds significant potential in mitigating the persistent issue of labor shortage.

Moreover, within the net in-migration of individuals witnessed last year, a notable portion of over 10,000 individuals entered Hong Kong through diverse talents and professionals scheme. These individuals possess the capacity to swiftly integrate into the local labor market and emerge as a valuable reservoir of high-caliber talent.  Population growth cannot be solely assessed in terms of quantity; quality must also be taken into account. If the newly added individuals primarily comprise the elderly, infirm, unwell, and disabled, it would only exacerbate the strain on various social resources.  Conversely, in the event that the incoming cohort consists of high-end talent and accomplished individuals, it has the potential to augment the competitive edge of local businesses, thereby yielding advantageous outcomes for the overall economy.

According to the data released by the Census and Statistics Department, the recent statistics reveal a concerning trend in Hong Kong. Over the course of the past year, the death rate has surpassed the birth rate, leading to a natural decline in population by more than 21,000 individuals. In response to the enduringly low birth rate in Hong Kong, the government has implemented a range of measures aimed at incentivizing childbirth. Allowing the continual decline and sustained low level of the birth rate would engender extensive adverse ramifications for the local economy. Against this backdrop, the consecutive two-year growth in population brings forth a genuinely gratifying reprieve following a prolonged period of stagnation.

The author is a specialist in radiology with a Master of Public Health from the University of Hong Kong, and an adviser of Our Hong Kong Foundation.

The views do not necessarily reflect those of DotDotNews.