Hong Kong’s GDP increased by 4.2% in the second quarter. That well below the 7.3% in Q1 and the 5.3% forecast.
The majority of China’s export-related businesses are located in southern China so I’m not surprised to see Hong Kong (the shipping gateway of South China) slow down along with the manufacturing slowdown.
The companies you want to own are the ones that benefit from domestic growth instead of foreign trade.
Related Posts
- Hong Kong market hits 23,000 (07/22/08)
- Hong Kong slips into recession (11/14/08)
- November retail sales rise in Hong Kong (12/02/09)
- Big trouble for Hong Kong investment property (10/21/09)
- Hong Kong bus fares rise (05/20/08)
