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Hong Kong's economy contracted 1.4% in the second quarter from the same period a year earlier, advance government data showed on Monday, as exports and investments remained sluggish, and COVID-19 ...
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]
The pro-democracy news outlet Stand News and its former chief editors Chung Pui-kuen and Patrick Lam become the first defendants to be convicted of sedition in Hong Kong since its handover to China in 1997, [21] which Chung sentenced to 21 months' imprisonment on 26 September.
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
Residents gather on a street in the Damascus suburb of Jaramana on Dec. 8, 2024, after Syrian rebels said that President Bashar Assad had fled the country. / Credit: LOUAI BESHARA/AFP via Getty Images
Hong Kong's economy contracted 1.3% in the second quarter from the same period a year earlier, government data showed on Friday, following a weak performance in external trade during the period.
The Hong Kong economy was the first out of the four to undergo industrialization with the development of a textile industry in the 1950s. By the 1960s, manufacturing in the British colony had expanded and diversified to include clothing, electronics, and plastics for export orientation . [ 10 ]
The Hong Kong Economic Times (abbreviated as the HKET) is a financial daily newspaper in Hong Kong. It was founded by Lawrence S P Fung (Chinese: 馮紹波; chairman), Perry Mak (managing director), Arthur Shek Kang-chuen (石鏡泉; executive director) and others. It started with a HK$20 million investment in 1988.