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Hong Kong’s economic system expanded by three.9% yr-on-yr in actual phrases in the first three quarters of 2017, after growing by 2% in 2016. In 2016, a complete of fifty six.7 million visitors, equal to 7.7 instances of the dimensions of Hong Kong’s native inhabitants, have been recorded, with these from the Chinese language mainland accounting for 76% of the full. In January-September 2017, visitor arrivals to Hong Kong increased by 2.2% 12 months-on-yr, after dropping by four.5% in 2016; these from the Chinese mainland elevated 2.5% year-on-year, after falling by 6.7% in 2016.

The collectively funded Federal and State Authorities examine would look at the route, capacity, cost and timeframe to construct a second cable connecting Tasmania to the mainland. This is how IIT Madras has turn into a haven for startups 24 Nov, 2017 06:36 AM ISTSince 2006, 140 startups have been a part of the IIT-M Incubation Cell. In 2016, 27.6% of Hong Kong’s total exports to the Chinese mainland were related to outward processing activities; the figures have been eleven.2% for home exports and 27.7% for re-exports.

Solely The Australian provides exclusive content from The Wall Road Journal, MarketWatch, The Occasions and Dow Jones Newswires together with professional commentary from leading business journalists. In the latest round of evaluate in November 2017, the Government forecasted Hong Kong’s economic progress for 2017 as an entire at 3.7%, higher than the mid-point of the vary forecast of 3-four% introduced in the August round.

Cumulative utilised capital inflow from Hong Kong amounted to US$913.7 billion, accounting for 51.8% of the national whole. Also, Hong Kong is a member of the Asia-Pacific Economic Cooperation (APEC) and the Pacific Financial Cooperation Council (PECC). As at finish-2016, there have been 195 authorised institutions and fifty four consultant places of work in Hong Kong.

Hong Kong’s merchandise exports elevated eight.5% 12 months-on-yr in January-September 2017, after a marginal lower of 0.5% in 2016. Based on the HKSAR government statistics, in 2016, fifty nine% of re-exports have been of China origin and fifty four% have been destined for the Chinese mainland. #socialRegistrationForm socialRegistration_firstName socialRegistration_lastName socialRegistration_emailAddress socialRegistration_displayName By clicking “Create Account”, I affirm that I have learn and understood every of the website terms of service and privateness policy and that I conform to be sure by them.