The accounting and consulting firm PwC noted that the rising tide of uncertainties in the global economy, coupled with internal constraints, have sapped its economic growth.
The local unemployment rate from May to July dropped 1.1 percentage points compared with the level from February to April, while the underemployment rate fell 1.6 percentage…
Studies predicted that the real GDP in the second quarter will show growth of 0.6 per cent compared to the same period last year, while the unemployment rate is expected to…
He also said that a key HKMA priority is launching in the second half of the year a pilot trade settlement system.
At present, the total trade volume between Hong Kong and RCEP economies accounts for 60% of the total volume external trade.
During the holidays, 15 shopping malls affiliated with Sun Hung Kai Properties saw a 50-percent increase in foot traffic and a 30-percent rise in business compared with a month ago
Financial Secretary Paul Chan Mo-po said the current wave of the outbreak so far has piled huge pressure on the local economy.
Financial Secretary Paul Chan Mo-po said the voucher program is expected to boost the city’s economy by about 1.7 percent.
He also expressed his confidence in the virus fight with the central government’s ceaseless support.
Hong Kong’s healthcare system has become overwhelmed, with increasing demand for testing and medical treatment.