Hong Kong's economy remained sluggish in the second quarter amid the ongoing US-China trade dispute, government figures released Wednesday showed, ...
HONG KONG: Hong Kong's economy remained sluggish in the second quarter amid the ongoing US-China trade dispute, government figures released on Wednesday showed, asBeijing and Washington have already imposed duties on more than US$360 billion in two-way trade, roiling global financial markets and weighing heavily on manufacturing output in both countries.The city's economy grew 0.6 per cent in the three months to June, the same rate as the first quarter but down from the 1.
"Overall economic performance was subdued," the government's statistics department said in a statement, blaming a 5.4 per cent drop in exports and"sluggish" domestic demand.
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