Hong Kong investments surge 17% driven by machinery and construction
Hong Kong saw a 17% increase in investments during the first quarter, primarily fueled by machinery purchases and construction. This growth reflects a strengthening property market and the city's economic recovery.
Hong Kong recorded a 17 per cent growth in investment in the first quarter of the year driven mainly by machinery purchases and construction-related activities, according to the cityβs finance chief, reflecting a steadily improving property market. Financial Secretary Paul Chan Mo-po on Sunday acknowledged a gap in perceived economic growth among residents working in different sectors as the city recorded its fastest quarterly GDP rise in nearly five years of 5.9 per cent. But he remained...