Hong Kongâs GDP expands 7.2% on tourist spending
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Hong Kongâs gross domestic product rose 7.2 per cent year-on-year in the third quarter as strong trade flows and tourist spending continued to drive its recovery from the outbreak of severe acute respiratory syndrome last year.
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The economy expanded by 2.9 percent during the first quarter of 2007 on a 12-month comparison, official data showed on Friday.
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Chinaâs second quarter growth exceeded forecasts, but the economy faces rising food prices, high energy consumption and a large trade imbalance.
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Visitor numbers were up at major British tourist attractions in 2006, following a troubled 2005 when London was attacked by suicide bombers, tourism chiefs announced.
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HANOI - Vietnam&#39;s economic performance in the first half of 2004, supported by a better business environment and robust external demand, suggests that gross domestic product (GDP) growth will remain above 7% in 2004 and 2005, according to a major Asian
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New York City is spending more money overseas to try to lure millions of tourists.
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Chinese inflation jumped to 2.7% in February, driven by higher food costs, official state figures show.
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The economy expanded faster than expected in the last quarter of 2006 and remains strong.
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The US economy increased at an annual rate of 3.7 percent in the third quarter of this year, the Commerce Department said in a report released on Friday.
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BEIJING -- China's sizzling economy grew faster in the second quarter despite official efforts to apply the brakes, expanding by 11.9 percent over a year earlier, the government reported Thursday. It said it would take new steps to cool the boom.
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The British economy grew by 0.7 percent in the first quarter of 2007 and by 2.9 percent over 12 months, official data showed on Friday.
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The economy picked up a little more speed during the summer quarter from July through September, expanding at a 3.7 percent annual rate, the government reported yesterday.
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Shares in Hong Kong were mostly higher Thursday as gains by mainland stocks outweighed losses in property issues. The Hang Seng Index added 16.
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BNP Paribas Peregrine said Thursday Hong Kong is expected to enjoy seven years of economic feast and the city is now entering the second year.
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The countryâs economic managers on Friday announced a âtremendously improvedâ economic outlook for the country this year owing to improved revenue collection that could trim the P197-billion
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China&#39;s retail sales in the first two  months rose a strong 14.7 percent from a year earlier,  reinforcing a trend of sturdy spending buoyed by rising incomes  and government steps to spur consumption.
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Economic growth is expected to top 7 percent for East Asia and Pacific (excluding Japan) in 2004, while developing economies in the region are expected to expand by more than 8 percent, the World bank said here on Tuesday.