Published on: 2026-07-31
Source: People’s Republic of China — Translation
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Hong Kong, July 31 /Xinhua/ — The real gross domestic product of the Hong Kong Special Administrative Region (SAR) grew by 4.3 percent year-on-year in the second quarter of 2026. This is according to preliminary estimates published on Friday by the SAR administration.
According to the Department of Statistics and Census of the Xianggang Administration, the growth rate has slowed compared to the figure of the first quarter, which was 5.9 percent.
The official representative of the SAR administration in Xiangan, in turn, noted that the growth in the second quarter was due to active trade and high domestic demand.
Personal consumption expenditures increased by 2.9 percent in real terms compared to the previous year, the data showed.
The total volume of goods export and import, calculated according to national accounts data, increased in real terms by 28.8% and 29.3%, respectively. Exports of services rose by 3.4%, and imports of services by 2.8%.
The official spokesperson of the SAR administration predicted that in the second half of this year, active global demand for products related to artificial intelligence will contribute to the growth of goods exports. According to him, the export of services should benefit from a steady increase in the number of arriving tourists, and domestic demand is likely to remain stable amid a steady labor market situation and favorable sentiments among entrepreneurs and consumers.
At the same time, he also highlighted a number of adverse factors, including geopolitical tension in the Middle East and the tendency of some countries to adopt trade protectionist measures. –0–
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