Hong Kong economy logs rebound in Q2 amid challenges: gov't advance estimates

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Hong Kong economy logs rebound in Q2 amid challenges: gov't advance estimates

STORY: Hong Kong economy logs rebound in Q2 amid challenges: gov't advance estimates DATELINE: Aug. 2, 2022 LENGTH: 00:02:05 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of general views in Hong Kong STORYLINE: Hong Kong's economy improved in the second quarter with gross domestic product (GDP) increasing 0.9 percent in real terms as compared with the first three months, official advance estimates showed Monday. However, according to the advance estimates, Hong Kong's GDP decreased by 1.4 percent in real terms in the second quarter of 2022 from a year earlier, compared with a decrease of 3.9 percent in the first quarter. Exports of services rose by 1.8 percent in real terms in the second quarter of 2022 over a year earlier, as against the decrease of 2.9 percent in the January-March period, according to data released by the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government. Imports of services decreased by 0.7 percent in real t

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