Economy
Jobless rate climbs to 7% in January after COVID fourth wave
Jobless rate climbs to 7% in January after COVID fourth wave
Census and Statistics Department said the rise to 7% unemployment rate is the highest in 17 years.
SMEs continue to suffer from pandemic
But they saw a slight improvement compared to December 2020.
China's M&A rises 30% to US$733.8b in 2020
This is driven by strong state and government investment support.
More business closures, layoffs imminent after Lunar New Year: Chan
The finance secretary said the current situation is still severe.
Export volume up 10.3% in September
However, year-to-date export volumes are still lower than that of 2019 YTD.
Hong Kong relaxes social distancing rules for weddings, local tours
The number of maximum attendees has been raised to 50 people.
COVID-19 sped up digitalisation, innovation in Hong Kong: survey
Some businesses are confident that their business will soon recover.
Labour market remains 'austere' in June-August
F&B unemployment rate remained high at 14.4% during this period.
GDP shrunk 8.1% in Q2
Total income earned by residents fell 7.5%.
Hong Kong eases social distancing measures from 28 August
Cinemas, beauty parlors and selected outdoor outdoor sports premises will reopen.
Hong Kong hailed as 4th priciest market in Asia for hiring expats
The average cost of employing a mid-level expatriate worker in the region is at $2.23m.
Inflation down 2.3% in July
The government’s payment of public housing rentals dragged it down.
China vows to support Hong Kong as a financial hub
The CBIRC assures that Hong Kong’s standing will not weaken.
Jobless rate dipped to 6.1% in May-July
It eased in the information and communication, professional and business services sector.
GDP shrinks 9% in Q2
Private consumption expenditure fell 14.2% during the period.
Export volume down 6.2% in H1
Total exports continued to decline for the fourth-straight month in June.
PMI further contracted to 44.5 in July: IHS Markit
New orders, input prices and business confidence deteriorated at a quicker rate.
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