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Hong Kong's growth to continue.

Several factors are combining to propel Hong Kong's growth. Domestic consumption is increasing, the employment situation is continuing to improve, household incomes are on the rise, and the rate of export growth is expected to head into double digits-at 10 percent-by the end of 2006.

The Chinese news agency Xinhua sent a story over its wires on July 28, 2006 announcing these predictions by the Federation of Hong Kong Industries (FHKI).

FHKI said that Hong Kong's GDP will grow between 6.5 percent and 7.0 percent in 2006. Xinhua quoted the chairman of the FHKI on Hong Kong's achievements. "Hong Kong's economy performed well in the first half of this year. Domestic consumption, job vacancies and the income of the working population remained on the up."

An August 7, 2006 Xinhua dispatch reported on a Chinese University of Hong Kong businesses survey during which 50 percent of 30 business leaders said Hong Kong's economic situation was better than it was six months ago.
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Publication:Market Asia Pacific
Date:Aug 1, 2006
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