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Hong Kong Expects Business Surge In Q3

by Mary Swire, Tax-News.com, Hong Kong

27 July 2007

The volume of business and output in all sectors in Hong Kong is expected to surge in the third quarter, according to the Census and Statistics Department's quarterly business tendency survey.

The manufacturing, construction, wholesale and retail, import and export trade, restaurant and hotel, transport, banking, financing and insurance, as well as real estate, business services and telecoms sectors anticipate a brighter outlook.

Significantly more respondents in the wholesale and retail; import and export trade; transport and related services; communications; business services; and banking, financing and insurance sectors expect their volume of business and output to increase in Q3.

Respondents in all the sectors covered expect a rise in their volume of business and output in Q3. Respondents in all the sectors, except construction, expect employment to rise.

Respondents, with the exception of the import and export trade sector, expect prices and service charges to rise, also.

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