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Asia • 2026-05-03 02:43

Hong Kong Finance Chief Forecasts Strongest Quarterly Growth in Five Years

Financial Secretary Paul Chan Mo-po announced that Hong Kong is on track for its strongest quarterly economic growth in nearly half a decade, citing a 17% jump in visitor arrivals and a 5.2% rise in retail and catering activity during the first two days of China’s Labour Day "golden week." The data suggests a rebound in tourism and consumer spending despite broader regional challenges.

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