Economy
Singapore, New Zealand beat Hong Kong in ease of doing business
Singapore, New Zealand beat Hong Kong in ease of doing business
But Hong Kong is still the best for dealing with construction permits.
Hong Kong gears towards back-to-back recessions: report
Economists forecast that GDP will contract by more than 1% in 2020.
Total exports up 3.8% in December 2019
This was led by the 15.2% growth recorded in exports to the Mainland.
Government injects $25b to help businesses weather COVID-19
It took into account feedback from the public, various sectors and Legislative Council members.
Majority expects Hong Kong's economic situation to worsen in 2020
Only 48% of employees expect employers to do better this year.
Hong Kong crashes into recession in 2019
This was dragged by GDP contractions recorded in H2 2019.
Exports dipped 4.1% to $3.99t in 2019
This was attributed to a 15.7% rise in exports to Mainland China.
Inflation up 2.9% in 2019
Mild price hikes on imports and economic conditions will contain inflation in the near-term.
Hong Kong's global finance centre status weathers protests' effects
But its perception as a stable international hub is slowly deteriorating amongst foreigners.
Unemployment rate edged up to 3.2% in September-November
The unemployment rate in F&B service activities sector reached an eight-year high.
Poverty rate rises to 20.4% in 2019
This was blamed on the accelerating number of ageing citizens.
GDP down 0.5% in Q3
This amounts to $722.8b, whilst GNY fell to $764.1b.
Exports to Mainland down 9.2% to $150.6b in Q3
This accounts for 25.6% of the total exports.
Check out the brands hit hardest Hong Kong's social unrest
Xiaomi is one of the hardest hit brands as its metric scores fell.
Accommodation industry's business receipts fell 19.1% in Q3
Business receipts declined across nine industries.
1 in 20 firms fully disclosed environmental targets in 2019
The percentage of firms who have set goals for ESG declined to 15%.
Spooked investors back long-term debt as default and recession risks rise
Approximately $3.2t in Chinese debt is poised to mature by 2023, spelling trouble for Hong Kong.
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