May 19, 2025
    Advanced Search 
  Home>News Center>Bizchina
       
 

Hong Kong to stop deflation in 2nd half
(Agencies)
Updated: 2004-08-05 16:44

Hong Kong Chief Executive Tung Chee Hwa predicts that Hong Kong could shake off deflation in the second half of this year.

He says the region's economy has recovered rapidly, with first quarter GDP increasing by 6.8 percent over the same period last year and the unemployment rate dropping from 8.7 percent to 6.9 percent.

Tung Chee Hwa attributes the recovery to growth of foreign trade and the logistics industry.



 
  Story Tools  
 
Font Large Medium Small
E-Mail This Story
Print Friendly Format
Comment On This Story
Save This Story
 
  Related Stories  
   
China curbs inflation with eye on preventing deflation
   
Official says HK's deflation coming to an end
Advertisement
         

| Home | News | Business | Living in China | Forum | E-Papers | Weather |

| About China Daily | About China Daily.com.cn | Contact Us | Site Map | Jobs |
 Copyright 2005 Chinadaily.com.cn All rights reserved. Registered Number: 20100000002731