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news Scmp World 2026-05-03

Hong Kong Forecasts Strongest Quarterly Growth in Five Years

Hong Kong's finance chief, Paul Chan Mo-po, announced that the city is on track for its strongest quarterly growth in nearly five years. This positive outlook is supported by a 17 percent increase in visitor numbers and a 5.2 percent rise in retail and catering activity. Chan highlighted that 602,000 visitors entered Hong Kong during the first two days of mainland China's Labour Day 'golden week'.

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