Economy
After China reopening, Hong Kong sees economy will pick up growth
Financial Secretary Paul Chan said the city is quickly returning to normalcy.
After China reopening, Hong Kong sees economy will pick up growth
Financial Secretary Paul Chan said the city is quickly returning to normalcy.
Export and import volumes drop double digits in November 2022
Prices, on the other hand, increased for both exports and imports.
Hong Kong fiscal deficit may reach $109b for FY2022/23: PwC
Spending will remain high due to the pandemic and geopolitical tensions.
Business situation improved in December 2022: gov’t
The diffusion index on business receipts for SMEs went up 46.1.
Government to provide Hong Kong fresh impetus
This is to boost the city’s economic growth, Financial Secretary Paul Chan said.
Tung Chung Line Extension gets greenlight
It is expected to be completed in 2029.
Hong Kong, China to review adjustment in number of travellers at BCPs
The total daily number of travellers allowed to Mainland is 50,000.
Hong Kong’s gross national income inches up by 0.3% in Q3
The city’s GDP meanwhile dipped by 0.2%.
Exports to grow 5% in 2023: HKTDC
In 2022, exports declined by 6%.
Hong Kong may be hit by longer fiscal deficits
An analyst sees weaker growth and high government spending for longer.
SMEs’ business receipts diffusion index declines to 44 in November
It is expected to increase to 48.4 in December.
Gov’t to US: Withdraw erroneous ‘tariff measures as early as possible’
The global trade body said the tariffs on steel imports violated trade measures.
Global recovery boosts increases in inward, outward DI
Total inward and outward direct investments went up by 17% and 12.1%, respectively.
Hong Kong economy may expand by 3.5% in 2023: BEA
The economy is expected to contract by around 3% in 2022.
Government proposes measure to expedite development procedures
The bill outlined five directions to amend the current procedures.
External environment, cross-border travel disruption weigh business sentiment
Business receipts in the third quarter showed decreases, the C&SD reported.
What Hong Kongers are saving their money for?
Inflation, however, is hindering them to pursue these goals.
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