Hong Kong
Credit card circulation crept up a measly 0.1%
But card transactions edged down.
Employment growth remains miniscule at almost 0%
Job cuts in finance are the culprits.
Private consumption drops to measly 2%
It’s going to fall further.
Account surplus reach HKD47.6b
It is swinging back.
Fixed investment up to 3% in Q1
It remains a key driver of growth.
Exports falls to 0.7% in Q1
But there’s still hope.
3-month HIBOR hits 0.4%
It is expected to remain low.
Lantau development strategy under way
Proposals were being explored.
Tsz Wan Shan restaurant closed
Suspension is for 2 weeks.
HK startup sets up a site enabling people to donate to charities using bitcoins
That’s at almost zero transaction fee.
Median household income grows 6.2% in Q4 of 2013
Income of household in private housing stagnates.
Fiscal surplus plunges to 6% of GDP
It’s not a problem.
CCL dropped 4.4% since March
Luxury property prices continue to ease.
Loans hike by 11.5% in 2014 first quarter
But don’t expect strong expansion.
Industrial market sales decline by 79% yoy
But there were also large transactions.
Warehouse rents rise by unremarkable 2.8% in Q1
Growth was seen in peripheral areas.
Read Here
Advertise
Sign Up
Commentary
Why the impact of AI is being underestimated and how it will transform business productivity in Hong Kong
The strategic decarbonisation model for Hong Kong real estate
The survival playbook for the CEO amidst geopolitical conflicts