Economy
Hong Kong property prices to anchor inflation expectations
Hong Kong property prices to anchor inflation expectations
Analyst says negative sentiment has clouded the property market with disappointing land auction results and major banks raising mortgage rates.
Inflation is likely to slow, expects analyst
Standard Chartered forecasts Hong Kong's CPI inflation at 5.6% in August.
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.
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