South China Morning Post
AsiaPac · 2 hrs ago
✦ 78◉ Centre
Hong Kong records 17% jump in investments led by machinery purchases, construction
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Accuracy 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
Hong Kong's investment grew 17% in the first quarter, driven by machinery purchases and construction, while the city recorded its fastest quarterly GDP growth in nearly five years at 5.9%, though economic improvements are unevenly felt across sectors.
Hong Kong records 17% jump in investments led by machinery purchases, construction
Hong Kong recorded a 17 per cent growth in investment in the first quarter of the year driven mainly by machinery purchases and construction-related activities, according to the city’s finance chief, reflecting a steadily improving property market.
Financial Secretary Paul Chan Mo-po on Sunday acknowledged a gap in perceived economic growth among residents working in different sectors as the city recorded its fastest quarterly GDP rise in nearly five years of 5.9 per cent. But he remained...
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