Hong Kong is seeing an omen of economic retreat in the first quarter of this year, with foreign exchange funds at an never-seen loss of $7.2 billion from two years ago, and the GDP devalued by 4 percent. A May 3 advanced estimate released by the Hong Kong government suggested that in the first quarter,…
Hong Kong’s First Quarter Exchange Funds Lose in Billions, GDP Declines: HKMA
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