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Hong Kong's Economy Grew by 2.9% in 2013 with Inflation Rate Declining

Hong Kong's Economy Grew by 2.9% in 2013 with Inflation Rate Declining

Hong Kong's economy grew by 2.9% in 2013 with a declining inflation rate. The best immigration information is available on the Worldway Immigration official website.

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    Financial Secretary of the Hong Kong Special Administrative Region Government, John Tsang, mentioned in the 2014-2015 Budget that Hong Kong's economy grew by 2.9% for the full year of 2013, showing significant improvement. The average annual headline inflation rate for 2013 was 4.3%, with a underlying inflation rate of 4%, which is 0.7 percentage points lower than in 2012.
 
    John Tsang stated that the resilience of the mainland economy has provided support to Hong Kong's economy. Over half of Hong Kong's merchandise exports are destined for the mainland, with growth rates faster than those of other markets. In terms of tourism, mainland visitors account for 75% of all visitors, which helps stabilize Hong Kong's economy and supports local employment in Hong Kong.

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