Economy

Connecting choice makers to a dynamic community of data, people and concepts, Bloomberg rapidly and accurately delivers enterprise and monetary info, information and perception all over the world. Spending power continues to be squeezed, with the annual price of inflation in October reported to be running at 3.1 per cent compared to annual earnings progress of 2.5 per cent (see the squeeze continues ). Furthermore, shopper confidence stays fragile with households continuing to precise explicit concerns about the common economic system and unemployment.

Extra possible because the Massive Four, who difficulty over eighty per cent of residential mortgages within the nation, are more uncovered as a proportion of loans than any other banks in the world, over double that of the US and triple that of the UK, and remarkably quadruple that of Hong Kong, which is the least affordable place on the planet for actual estate.

On the enhancement of bilateral ties, the Authorities will actively seek to signal free commerce agreements (FTAs), investment promotion and protection agreements (IPPAs) and comprehensive avoidance of double taxation agreements (DTAs) with other economies to open up markets and to additional strengthen Hong Kong’s position as a world trade, industrial and monetary centre.

In January-November 2017, Hong Kong’s major export markets have been the Chinese mainland, the EU, the US, ASEAN, India and Japan, which respectively made up 54.four%, 8.9%, eight.6%, 7.four%, 4.1% and 3.three% of Hong Kong’s whole exports; modifications in exports to the above markets were +9.1%, +4.1%, +1.1%, +8.1%, +33.4% and +10%, respectively.

The Econospeak weblog, which succeeded MaxSpeak (co-founded by Barkley Rosser, a Professor of Economics at James Madison University and Max Sawicky, an economist at the Financial Coverage Institute) is a multi-writer blog Self-described as annals of the economically incorrect”, this often up to date weblog analyzes every day information from an financial perspective, however requires a powerful economics background.