Greater China Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Greater China Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Julius Wong	2/27/2013 12:01:59 AM
	of 8334

Hong Kong Economic Growth Picks Up to Fastest Pace in Year By Stephanie Tong and Simon Lee - Feb 26, 2013 Hong Kong’s economic growth accelerated last quarter to the fastest pace in a year, mirroring gains in China and Taiwan as Asia leads a global recovery. The city’s economy expanded 2.5 percent in the three months through December from a year earlier, the Census and Statistics Department said on its website today. That’s up from 1.4 percent in the third quarter, and compares with the 2.4 percent median estimate of 16 analysts surveyed by Bloomberg News. Financial Secretary John Tsang today projected annual growth of 1.5 percent to 3.5 percent this year following 2012’s 1.4 percent, the weakest rate since 2009 as Europe’s sovereign debt crisis sapped global demand. The International Monetary Fund forecasts a pickup in world expansion for 2013, as concern has eased that Europe’s currency union would unravel. “Fundamentals in Asia remain strong and the mainland economy regained its growth momentum in the fourth quarter,” Tsang said in his budget speech. “Barring an abrupt deterioration in the demand from the advanced economies, Hong Kong’s external trade should see some improvement.” The benchmark Hang Seng Index (HSI) gained 0.4 percent as of 11:59 a.m. local time. It’s up about 16 percent since Chief Executive Leung Chun-ying took office in July. The IMF projects global growth of 3.5 percent this year, up from 3.2 percent in 2012. The Philippine and Taiwan economies grew more than forecast in the three months ended December, and China showed its first acceleration in eight quarters. bloomberg.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next