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Hong Kong Sees 3.1% Growth in Second Quarter
HONG KONG SPECIAL ADMINISTRATIVE REGION, CHINA, JUL 31 – Hong Kong's 3.1% Q2 growth reflects a 11.5% rise in goods exports and a 1.9% increase in private consumption after four quarters of decline, government data show.
- On Thursday, the government reported Hong Kong's economy grew by 3.1 percent in the second quarter, marking the tenth consecutive quarter of growth.
- A government spokesperson said private consumption expenditure resumed moderate growth after four consecutive quarters and government consumption grew 2.5 percent year-on-year.
- Trade data showed exports of goods increased 11.5 percent and exports of services rose 7.5 percent in the second quarter.
- On Wednesday, Financial Secretary Paul Chan warned 'Given the geopolitical landscape, there is enormous uncertainty and volatility ' and cautioned the second half could be harder.
- Looking ahead, with trade talks stalled, the 90-day tariff grace period will end on August 12, and the rush shipment effect is expected to fade later this year.
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32 Articles
32 Articles
Hong Kong Sees 3.1% Growth In Second Quarter
Hong Kong's economy grew by 3.1 percent in the second quarter, according to government estimates released Thursday, beating expectations, with strong exports buoyed by businesses racing to take advantage of US tariff easing.
·New York, United States
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Hong Kong's economy grows for 10th straight quarter as consumer
Hong Kong’s economy continued expansion in the second quarter of 2025, the 10th consecutive quarter of growth, as consumer and investor sentiment warmed, local data showed on Thursday. Advance estimates from the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government showed that Hong Kong’s real gross domestic product (GDP) rose by 3.1 percent year on year in Q2, picking up from the 3-percent rate regis…
Coverage Details
Total News Sources32
Leaning Left7Leaning Right4Center7Last UpdatedBias Distribution39% Left, 39% Center
Bias Distribution
- 39% of the sources lean Left, 39% of the sources are Center
39% Center
L 39%
C 39%
R 22%
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