"But we will also be self-confident during the Hong Kong company Local community, they are extra ready this time While using the new US government," she mentioned.
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But exterior uncertainties however weigh to the tourism and retail sector. “Corporations as a result ought to retain innovating their services, And just how they provide them.
Surveyed executives and accounting professionals showed a comparatively optimistic outlook for Hong Kong, with 63 p.c anticipating the regional financial system will develop upcoming yr.
As well as the overall assumption amid Hong Kong exporters that any knock-on repercussions may possibly only be small, even so, You will also find signs that Mainland China’s In general volume of trade hasn't been unduly constricted by past tariff preparations. Without a doubt, Despite the fact that two-thirds of Mainland Chinese exports for the US happen to be subject to tariffs since 2018, Mainland China’s world export share has basically risen from twelve.
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This system also identified that visitors to the city in December most savored the tradition and landscape but ended up unhappy With all the foodstuff and weather.
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To counter prospective tariff impacts, HKTDC Exploration stated exporters might accelerate their transport schedules in the initial fifty percent of 2025, anticipating much more powerful activity during this period, followed by a slowdown from the latter half of your yr.
Economist Doris Fung said a large number of unpredictable factors is often guiding the companies' concerns, including unsure progress fees in Europe as well as likely to get a trade war adhering to Donald Trump's re-election as US president.
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The study also observed that about fifty percent of the companies will not intend to possibly use or Reduce personnel, and about forty percent program to increase salaries. About 60 per cent of the respondents reported they do not hope to alter their capital investment decision strategies above the next year, the HKGCC stated.