If the GDP growth of both regions is somewhat co-related, Q4 18 to Q3 19, China's GDP has been contracting for 0.6 %(from 6.8 to 6.2 %). In the same time frame, HK's GDP has contracted for 6.3% ( 3.4% to - 2.9%)
percentage change normalised to Q4 16 figures
“The Hong Kong economy saw an abrupt deterioration in the third quarter of 2019, as the
- local social incidents dealt a very severe blow to an economy already weakened by
- a synchronised global economic slowdown and
- US-Mainland trade tensions,”
said Hong Kong Government Economist Andrew Au.
Four key industries:
The major declines are gross domestic fixed capital formation and exports of goods
Gross domestic fixed capital formation covers the gross value of expenditure on building and construction as well as machinery, equipment and intellectual property products(including computer software, databases and research and development); and costs of ownership transfer.
CEIC China
CEIC HK
HKTDC
percentage change normalised to Q4 16 figures
“The Hong Kong economy saw an abrupt deterioration in the third quarter of 2019, as the
- local social incidents dealt a very severe blow to an economy already weakened by
- a synchronised global economic slowdown and
- US-Mainland trade tensions,”
said Hong Kong Government Economist Andrew Au.
Four key industries:
Gross domestic fixed capital formation covers the gross value of expenditure on building and construction as well as machinery, equipment and intellectual property products(including computer software, databases and research and development); and costs of ownership transfer.
CEIC China
CEIC HK
HKTDC
留言
張貼留言