Economy
Current account surplus to widen to 3.5% for next 2 years
Trade balance will still be deficit.
2013 budget hit record surplus of 0.6% of GDP
Expenditure was lower than expected.
HK market volatility to bear the brunt if US tightens monetary policy
Growth prospects still hinged on US, PRC.
Foreign currency assets hit US$316.8m by end-March
It jumped US$9 billion.
HK economy grows steadily at 2.9%
It is bolstered by private consumption.
Net service exports soar 33%
All thanks to economic recovery.
Rent, food costs push CPI inflation to 4.3%
This is despite cooling of property market.
ADB forecasts steady growth of 3.5-3.6% for next two years
China economy expected to boost opportunities.
ADB warns of HK’s deteriorating fiscal position after 15 years
Aging population and social spending are the culprits.
Government expenditure hit $388.3b
Surplus reached $31.8b in February.
Hong Kong inflation dropped to 3.9%
Prices continue to moderate.
Household debt to GDP ratio jumps to record-high at 62%
Blame it on mortgage growth.
You won't believe this is how big Hong Kong banks' credit exposure to China is
It’s as big as $3.5trn.
Hong Kong's re-exports dipped 1.3% in January
Domestic exports also dropped 2.7%.
Hong Kong's 2014 inflation pegged to soar to 4.6%
While GDP growth is forecasted at 3-4%.
Hong Kong's 4Q GDP up 1.1%
Full-year growth for 2013 came in at 2.9%.
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