Economy
Economic growth slows to 2.7% as Shenzen claims dominance over Greater Bay Area
The former fishing village surpassed Hong Kong after its GDP hit $2.72t in 2017.
Economic growth slows to 2.7% as Shenzen claims dominance over Greater Bay Area
The former fishing village surpassed Hong Kong after its GDP hit $2.72t in 2017.
Tencent CEO calls for ID link between Hong Kong and Chinese citizens
Ma Huateng believes it will enhance trade in the region.
Exports rose 18.1% to $350b in January
Significant trade increases were registered in Taiwan, the Mainland and Vietnam.
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Hong Kong drowning in cash as surplus hits 8.6% of GDP in Q3
PwC estimates fiscal surplus to hit $168b – ten times than the original government estimate.
Inflation up 1.7% in January
The price of utilities like electricity, gas and water spiked significantly by 10.2%.
Hong Kong to eat Shenzen's dust by 2018
Slowing trade and high labour costs is dragging Hong Kong’s competitiveness.
Hong Kong's staggering surplus earmarked for ageing population
Senior citizens are expected to account for 26.4% of the population by 2036.
Population inched up 0.4% in 2017 as residents migrate and age rapidly
The expansion was the slowest in seven years.
Exports up 3.8% in December
Total year-end export volume to India ballooned to 69%.
Hong Kong dollar's resilience is pegged to positive investor sentiment
Only a massive and sudden capital outflow can break the currency board’s strength.
Private consumption growth expected to weaken to 3.5% amidst inflation pickup
This will likely result in limited purchasing power for Hong Kong consumers.
PMI down to 51.1 in January amidst rising backlogs and lower employment
Firms also had to grapple with higher raw material prices which may have led to some layoffs.
Hong Kong beats Singapore as world's freest economy
It has occupied the top spot for the 24th consecutive year.
Total exports up 6% to $360.7b in December
Imports also rose 9% to $420.6b over the same period.
Goods exports up 5.6% in November
Total export volume to India and Japan posted the most significant increase.
Inflation up 1.7% in December
Blame high prices of fresh vegetables and take away meals.
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