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The growth rate of the Hong Kong economy in the fourth quarter of last year was the slowest since the first quarter of 2016. The growth was at the level of 1.3% compared to the same quarter of 2017, while the increase expected by experts was 2.2%. According to the data provided by the Financial Secretary of Hong Kong, Paul Chan, in the annual budget message, GDP in 2018 grew by 3%. Economists had predicted a growth of 3.3% for the year. In quarterly terms, the economy of Hong Kong in the last quarter of 2018 decreased by 0.3%, which was less than the 0.6% drop expected by economists. Such factors as trade disputes between the United States and China, the weakening of the Chinese economy, as well as the decline in the real estate market had a negative impact on Hong Kong's GDP.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
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