What crisis?

Article Abstract:

Hong Kong's economy has continued to grow throughout the Southeast Asian financial crisis period. GDP increased by an annual rate of 6.0-6.5% in the second quarter of 1997. This was the fourth quarter showing accelerating growth. One strong component in the growth is fixed-capital investment. The government forecasts this will rise by 13.4% during 1997, compared to 12.2% in 1996. Another component is property investment, the sector causing problems in other Southeast Asian countries. The government forecasts a 12% growth in construction output for 1997.

Gross Domestic Product, Economic indicators

---

No time to lose

Article Abstract:

Cargo problems at Hong Kong's Chek Lap Kok airport are creating difficulties for Hong Kong's small businesses. These businesses rely on receiving regular small import shipments of parts, quickly assembling and exporting the finished products and receiving payment to purchase the next input. The government estimates that the cargo delays could cost the Hong Kong economy $590 million, but other experts believe the cost could be higher. Hong Kong's 1,500 watchmakers have been particularly badly affected. Watchmaker Enders Lam describes his problems.

Airports, flying fields, & services, Airport Operations, Watches, clocks, watchcases & parts, Watches, Watch, Clock, and Part Manufacturing, Airport Cargo Services, Management, Air freight, Air freight services, Clock and watch industry, Clock industry, Watch industry, Hong Kong International Airport, Time Industrial Manufactory

---

Building gloom

Article Abstract:

There are considerable problems facing Hong Kong's property market, which accounts for more than a third of the economy. There is set to be a large surplus of commercial space, and there are also concerns about a price war for residential property. Hong Kong's economy as a whole is set to slow down in 1998, although it will not perform as badly as the economies of some neighbouring countries. GDP is officially forecast to expand by 3.5%, but some independent forecasters anticipate GDP growth of only 2%.

Real Estate, Real Estate and Rental and Leasing, Real estate industry

Similar abstracts:

• Abstracts: What political risk? Family planning. First friend
• Abstracts: Malaysian dilemmas. Calling Doctor Daim. Oh for a bailout
• Abstracts: Pocket power. What's in store. Get physical
• Abstracts: Vietnam clears resort plan: coastal project could snag negotiations. Building on a lucky feeling
• Abstracts: How to best survive the region's airports: here's hoping you connect through Singapore, not Seoul or Bangkok. A moving experience

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.