Economy
Outward processing exports to Mainland up 13% to $145b
This accounts for 34% of Hong Kong’s total exports in Q2 2011.
Outward processing exports to Mainland up 13% to $145b
This accounts for 34% of Hong Kong’s total exports in Q2 2011.
August composite interest rate up to 0.33%
The weighted deposit rate also climbed to 0.32%.
Hong Kong’s GDP up 9.9% to $445.9b in 2Q11
While the country’s GNP increased by 11.1% to $470.2 billion.
Beware of technical recession ahead, warns analyst
Standard Chartered says a technical recession could affect some Asian economies, like Singapore and Hong Kong, by the end of 3Q 2011.
District Council election nominations in
On the first day of nominations a total of 243 forms were submitted.
Second quarter manufacturing production index up 2%
Notable decreases in output volume were recorded in the textiles and apparel industry.
Hong Kong’s second quarter GNP up 11.1%
A net external factor income inflow of $24.3bn was posted.
Volume of goods exported in July up 1%
The price of total goods exports up 8.1%, while that of goods imports surged 8.4%.
HKMA chief woos UK investors
Chan positions Hong Kong as best gateway to take part in China’s economic boom.
Hong Kong support R&D firms—official
British companies persuaded that they can benefit from packages offered by Hong Kong and China.
India’s inflation alarming at 9.8% in August
The country’s inflation woes clearly won’t go away anytime soon.
Japan’s economy yet to recover from quake
The country’s GDP growth is set to post a mere 1.2% in the second half of 2011, bringing full-year GDP close to 0%.
Government to abolish District Council appointments
It will be done in phases through a transitional period.
Exchange Fund foreign assets up to over HK$2 trillion
External assets of the Exchange Fund increased by HK$33b as of end of August.
Hong Kong weathers economic headwinds from the West
Analysts forecast the city’s GDP growth to reach 4.9% in 2012.
Philippine exports down 1.7% in July
Even though electronic shipments plunged by 21.3%, all other aspects of exports have been doing well.
India’s industrial production disappoints at 3.3% in July
HSBC blames the volatile capital goods segment for the slower growth in production.
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