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Hong Kong Financial News

November 2005   Hong Kong economic growth increased to 8.2% in the third quarter 2005 from 7.3% in the second quarter exceeding analyst expectations. Gross Domestic Product rose by 2.7% and the Government points to increased consumer spending and strengthening exports as key to the improved figures.

Exports

Improved trade and tourism with mainland China saw record exports of goods in September whilst the entertainment sector services such as the new Disney theme park looked to cash in on the influx of visitors.

Consumer Confidence

Increased consumer spending has helped fuel the economy as the Hong Kong people begin to feel the economic upward trend in the Administrative Region will be longer lasting than previously anticipated. This has been further underpinned by unemployment levels reaching a 4 year low in September.


 
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