Statistics

    Hong Kong economy expands 6.8% in 2010

    (Xinhua)
    Updated: 2011-02-23 13:46
    Large Medium Small

    HONG KONG - Hong Kong's financial chief John Tsang said on Wednesday in his budget speech that the city's economy grew by 6.8 percent in 2010.

    Tsang said the economy in 2010 staged a full recovery at a faster pace than expected in the wake of the downturn in 2009, thanks to the strong growth in the Chinese mainland and Asia that the economy has surpassed the pre-tsunami level.

    Hong Kong's exports of goods soared by 17.3 percent in real terms for the year as a whole, underpinned by the reviving global trade flows, Tsang said.

    As the employment market improved and income increased, private consumption expenditure registered a significant growth of 5.8 percent in 2010.

    Benefiting from an upbeat business sentiment and the commencement of major infrastructure projects, the overall investment recorded a strong growth of 8.1 percent last year.

    Related readings:
    Hong Kong economy expands 6.8% in 2010 HK's jobless rate falls to 3.8%
    Hong Kong economy expands 6.8% in 2010 China's economy grows 10.3% in 2010

    The job market improved significantly in the past year on the great resilience and flexibility of the labor market, as well as the proven effectiveness of measures that Hong Kong Special Administrative Region Government took to counter the financial tsunami, Tsang said. The unemployment rate dropped from its peak in mid-2009 by 1.7 percentage points to 3.8 percent recently.

    As the unemployment rate has already fallen back to a relatively low level, there will be limited room for further significant decline, Tsang said, citing that they also need to pay attention to the effect of the implementation of statutory minimum wage on the unemployment rate. "The generally strong economic conditions should help us through this change."

    Against a backdrop of a strong economic recovery, a soft US dollar and rising global food and commodity prices, inflationary pressure has gradually built up in Hong Kong this year. The average inflation rate for 2010 as measured by the Composite Consumer Price Index was 2.4 percent. Netting out the effects of the Hong Kong SAR's one-off relief measures, the underlying inflation rate was 1.7 percent.

    "Taking into account the rapid economic expansion of 6.8 percent last year, inflation for the year was rather moderate," said Tsang. "The significant improvement in productivity which continued throughout last year went some way towards alleviating the pressure of rising prices."

    分享按鈕
    无码任你躁久久久久久 | 最近2019年中文字幕6| 无码人妻精品一区二区三区99不卡 | 久久综合精品国产二区无码| 亚洲av无码一区二区三区在线播放 | 亚洲精品无码久久一线| 亚洲av综合avav中文| 痴汉中文字幕视频一区| 中文成人久久久久影院免费观看| 中文字幕日韩理论在线| 99久久无色码中文字幕人妻| 无码人妻丰满熟妇啪啪网站| 亚洲av无码潮喷在线观看| mm1313亚洲国产精品无码试看| 中文字幕乱码免费视频| 秋霞无码一区二区| 狠狠躁天天躁中文字幕无码| 日韩AV无码中文无码不卡电影| 中中文字幕亚洲无线码| 久久国产精品无码HDAV | 国产成人A亚洲精V品无码 | 天堂新版8中文在线8| 人妻无码精品久久亚瑟影视| 日韩精品无码一区二区三区| 亚洲av无码专区在线播放| 一二三四在线播放免费观看中文版视频 | 亚洲v国产v天堂a无码久久| 精品深夜AV无码一区二区老年| 色综合久久综合中文综合网| 亚洲av无码不卡一区二区三区| 国产AV无码专区亚洲AV手机麻豆| 中文字幕丰满乱子无码视频| 欧美日韩中文字幕久久久不卡| 成人av片无码免费天天看| 亚洲伊人久久综合中文成人网| 日韩中文字幕一区| 中文字幕在线视频网| 免费中文字幕视频| 免费看成人AA片无码视频吃奶| 中文字幕日韩精品有码视频 | 精品久久亚洲中文无码|