H. Kong economy grows to 3.3% in Q2

Hong Kong’s real gross domestic product (GDP) grew to 3.3 per cent in the second quarter, following a 2.8 per cent increase in the previous quarter, according to government data released on Friday.

The report indicated a 7.5 per cent year-on-year increase in total goods exports, driven by a strong global demand. Exports to mainland China and the US exprienced growth, while shipments to the EU declined at a slower rate. Major Asian markets also demonstrated positive trends.

Meanwhile, service exports grew by 1.4 per cent, with transport services benefiting from more visitors and regional trade. However, the strong Hong Kong dollar affected travel services exports.

Attribution: Government data

Subediting: Y.Yasser