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international advancement

chenmen 於 2019-01-31 14:58:55 發表  |  累積瀏覽 65

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US-China trade war, slowing international advancement weigh on Hong Kong company assurance in 1st quarter

Business sentiment among the little and medium-sized business owners in Hong Kong fell to its least expensive amount in practically three years, fuelled by concerns around slowing international growth and lingering trade tensions in between the US and China, in accordance to a new study.

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Self esteem among businesses for that 1st quarter dropped two.6 points to 40.4 with a quarter-on-quarter foundation during the Typical Chartered Hong Kong SME Leading Small business Index. That matched a lower set inside the next quarter of 2016 and was the next quarterly drop in a very row.

Inspite of recent optimism from the fiscal marketplaces that the US and China would strike a deal on trade, eighty one per cent of companies surveyed mentioned they were not hopeful about negotiations in between the world’s two major economies, the Hong Kong Efficiency Council and Common Chartered said on Tuesday.

“Our survey confirms that the Hong Kong financial system might be going through one of many weakest starts to some calendar year in the 10 years. It also shows the slowdown is widespread in nature,” Kelvin Lau, senior economist for Higher China at Standard Chartered, explained.

“While we choose comfort from your new rebound in sentiment towards the outlook with the renminbi, along with the prospect of reopening of future US-China trade negotiations, persistent headwinds from slowing worldwide progress should really retain weighing on community sentiment for extended,” he mentioned.

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