Hong Kong finance chief says economy grew in third quarter, warns of external risks
Paul Chan says strong exports and tourism supported third-quarter growth, but warns of risks from the war in the Middle East and inflation
Hong Kong’s economy continued to expand in the third quarter of this year, driven by strong exports and tourism, the city’s finance chief has said, while warning of risks including the war in the Middle East and inflation.
Financial Secretary Paul Chan Mo-po also reiterated his confidence that the economy would grow by between 3.5 per cent and 4.5 per cent this year. He was speaking during a Legislative Council debate on the city’s first five-year plan and annual policy address.
He noted that gross domestic product grew by 5.1 per cent in the first six months of this year, the strongest half-year performance in five years.
