US EditionHong Kong posts 3.1% growth, warns of trade war 'risk'
- According to figures released by the government on Friday, Hong Kong experienced a 3.1 percent increase in economic output during the initial quarter of 2025.
- This increase came amid escalating trade disputes after the United States implemented tariffs as high as 145 percent on a wide range of Chinese goods last month, prompting Beijing to retaliate with duties of 125 percent on imports from the US.
- Officials said exports grew 8.7 percent due to sustained external demand, while private consumption fell 1.2 percent reflecting ongoing changes in residents' habits.
- A government spokesperson noted the 3.1 percent growth outpaced the 2.1 percent economists had expected, but warned that downside risks and high trade policy uncertainty could dampen trade and investment.
- Hong Kong's finance chief Paul Chan urged vigilance amid a tense external environment, stating that US unilateralism will continue to affect the global outlook despite local growth measures and mainland support.
25 Articles
25 Articles
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