HK's economy expands 7.2% in Q1 kN

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soccer {RKEY},{RKEY} NBAHK's economy expands seven.2% among Q1 (Xinhua),モンクレール レディース
Updated: 2011-05-14 10:59 2011-05-14 10:59:15.0HK's economy expands 7.2% among Q1HK,economy,GDP,beats by dre,Japanese cabinet resigns, Noda to take helm Asia-Pacific chinadaily.com.cn yN,Q111010460Economy2@webnews/enpproperty-->
HONG KONG - Hong Kong's economy expanded robustly among the first quarter this anniversary with its Gross Domestic Product (GDP) up 7.two percentage from a yearly antecedent said the Hong Kong government on Friday, who forecast an GDP add of virtually five to six percentage as the plenary year of 2011.

The growth in the 1st three months was slightly higher than the yet appreciable seven percentage for 2010 because a whole mainly deserving apt strong exports that surged virtually 16.eight percentage year-on-year,HK's economy expands 7.2% in Q1,longchamp,Chinese shipbuilders see decline in new orders I, said the administration within its First Quarter Economic Report 2011 released among the daytime.


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The 2011 anticipate was one percentage up from estimates made among February, revealing government's affirmative opinion for the overall economic environment. Globally expanding economy, "led forward the thriving Asian and emerging economies," along with lusty maid consumption market,will support Hong Kong's economy holding up surrounded the entire annual the report said.

Meanwhile,モンクレール, the administration likewise noticed that some uncertainties, such for the throne debt problem in the eurozone,beyond macroeconomic policy constricting surrounded Asia for well for political turmoil in the Middle East and South Africa,louis vuitton, may pose some downside hazards apt Hong Kong's exports amid the coming quarters.

A more sever inflation was recorded from January apt March, with extra solid prevalent resumption,loose monetary environment and a weaker US dollar The CPI rose apt 3.eight percentage from 2.7 percentage surrounded the fourth quarter of 2010.

Further join in edible costs and housing prices were also contributing to the ascending CPI. The administration estimated the CPI longing heave to five.four percent for the whole daily 0.nine percentages up from its former anticipate.

Housing market remained "overheating"within Hong Kong,HK's economy expands 7.2% in Q1, with overall residential flat costs up nine percentage among the 1st 15 min surpassing the pinnacle amid 1997. The government said it has increased land afford and the city's monetary credential has trod up checkups aboard banks' pledge affair.

"The government want monitor the housing mall situation closely to assure its settled and healthy evolution the report said.