A Traveller's Tale: Hong Kong's economy - bustling at a worried shuffle
Friday, 23 July 2010
Hong Kong's property bubble may burst - and a national gambling obsession doesn't help, says Nick Hood.
Further Reading
The newspaper hoarding said it all: "Lending Falls as Fears of a Double Dip Grow". Hong Kong is feeling the chill as China’s headlong growth rate threatens to fall to the crisis level of an annualised rate of only 10.6% in the second quarter of 2010, down from 11.9% in the first quarter.
Hong Kong’s economic soothsayers believe that the social stability of China depends on maintaining a growth rate that almost all the rest of the world can only marvel at and never hope to match. And any problems in China will be magnified many times over in Hong Kong through the prism of its role as the economic conduit between East and West in both financial services and trade. [CONTINUES]
In today's bulletin:
BP lips are sealed on Hayward ahead of board meeting
Cable adopts 'carrot and stick' approach to banks
Richard Branson limbering up for Virgin Active sale?
A Traveller's Tale: Hong Kong's economy - bustling at a worried shuffle
MT Expert's Ten Top Tips: How to pass exams
Latest Stories from Management Today
Delicious
Digg
Facebook
E-mail
Stumble Upon
Twitter
Send to a friend
Additional Information
Management Jobs
