Hong Kong 'Thriving,' Financial Secretary Chan Says trotz economic headwinds

Hong Kong's financial secretary, Paul Chan, told the world the economy is "thriving" despite headwinds from the United States-China trade war and global economic uncertainties.

Chan said the city's economy grew by 3% in the first half of 2019, and he expects it to grow by 2.8% for the whole year. He also said that the city's unemployment rate remains low at 2.9%. (source)

Chan's comments come as Hong Kong faces a number of economic challenges. The city's economy is heavily reliant on trade, and the US-China trade war has led to a decline in exports. The city is also facing a number of domestic challenges, including rising costs of living and a shortage of affordable housing.

However, Chan said that the city's economy is "resilient" and that it will be able to weather the current headwinds.

Despite the challenges, Hong Kong remains a major financial center. The city is home to a number of large banks and financial institutions, and it is a major center for trade and investment.

The city also has a strong legal system and a well-educated workforce. These factors make Hong Kong an attractive destination for businesses and investors.

In addition, Hong Kong is a popular tourist destination. The city is home to a number of world-class attractions, including the Victoria Harbour, the Peak, and Disneyland Hong Kong.

Hong Kong is a dynamic and vibrant city with a strong economy and a bright future.

Conclusion

Hong Kong is a thriving financial center with a strong economy. Despite facing some economic headwinds, the city is expected to continue to grow in the years to come. With its strong legal system, well-educated workforce, and popular tourist attractions, Hong Kong is an attractive destination for businesses and investors.