Hong Kong’s export performance will help sustain growth momentum, Paul Chan says
- Financial secretary also says export performance has continued to improve in key markets such as Vietnam, Thailand and US
The city’s export performance had also continued to improve in key markets such as Vietnam, Thailand and the United States, he said, describing the trend as an indicator of “positive elements”.
“I believe that this growth momentum can be sustained,” Chan wrote in a post for his weekly official blog.
The finance chief said that while the decline in retail sales had narrowed, the figures for July did not reflect any signs of significant improvement.
But Chan remained optimistic over consumer sentiment, pointing to a series of mega events for the finance industry that were set to take place in the coming months.
He said that a rise in income and a potential softening of the Hong Kong dollar, due to anticipated interest rate cuts, would boost help visitor arrivals and local consumption.