Hong Kongs GDP fell 2.9percent year on year in the third quarter

category:Finance
 Hong Kongs GDP fell 2.9percent year on year in the third quarter


Hong Kongs exports fell for 11 consecutive months and fell further in September

According to data released by the Statistics Department of the Hong Kong SAR Government on October 24, the value of Hong Kongs overall exports and imports fell by 7.3% and 10.3% respectively on an annual basis in September. This means that Hong Kongs exports have been falling for 11 months in a row, and the decline in September expanded 1 percentage point on month. According to data released by the Statistics Department of the Hong Kong SAR Government on October 24, the value of Hong Kongs overall exports and imports fell by 7.3% and 10.3% respectively on an annual basis in September. This means that Hong Kongs exports have been falling for 11 months in a row, and the decline in September expanded 1 percentage point on month. Data shows that the overall value of exports and imports in the first nine months of this year fell 4.6% and 6.5% respectively year on year. It recorded a tangible trade deficit of HK $336.8 billion during the period.

Hong Kongs catering industry lost HK $10.5 billion in the past April

On October 25, the stock price of Hong Kongs leading restaurant chain, Cafe de Coral, fell sharply due to profit warning, and fell more than 9% in early trading.

The social conflict in Hong Kong continues, and the blow to the local catering industry continues to ferment.

On October 25, the stock price of Hong Kongs leading restaurant chain, kook Lok (00341. HK), fell sharply due to profit warning, and the stock price fell by more than 9% in early trading. In a statement released the previous day, we pointed out that in the six months to September 30 this year, net profit is expected to fall by a third on an annual basis. This is the first time that we have issued a profit warning since we went public in 1996.