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Anti-government protests in 2019, followed by Beijing’s swift imposition of a sweeping national security law in 2020 and three years of draconian COVID lockdowns prompted an exodus of tens of ...
Hong Kong's economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight quarter of downturn, advance government data showed on Monday, as ...
The executive order effectively ended the city’s separate customs treatment from mainland China by suspending a 1992 law granting Hong Kong special economic status.
In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the Great Recession. [33] By the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York City and Rotterdam in terms of container throughput. Hong Kong is a full Member of the World Trade Organization. [34]
Traffic congestion has emerged as a significant socioeconomic issue in Hong Kong. In 2021, cross-harbour traffic during peak hours has been confirmed to exceed 26% of the total capacity of the three tunnels, and it takes drivers up to 25 minutes on average to pass through the Cross-Harbour Tunnel during the morning rush hour, a full three times higher than during the smooth traffic periods ...
The Office of the Government Economist (OGE), formerly known as the Economic Analysis and Business Facilitation Unit, of the Hong Kong government was formed under the Financial Secretary's Office on 1 June 2004, when the HKSAR Government merged the Economic Analysis Division (under the Financial Services Branch of the Financial Services and the Treasury Bureau) and the Business Facilitation ...
Hong Kong’s economy has struggled to regain momentum since it reopened after more than two years of self-imposed Covid isolation. In 2023, its GDP grew 3.2%, thanks to a low base in 2022, but it ...
The economy shrank by 3.2% in July-September from the previous quarter on a seasonally adjusted basis, revised government data showed, in line with a preliminary reading. ... Hong Kong sank into ...