Hong Kong Faces Economic Uncertainty Despite Some Positive Signs
• Hong Kong's exports likely to face significant challenges in 2024 due to reliance on mainland China exports • Effects of Hong Kong's investment promotion efforts may take time to materialize • Consumption and tourism recovering but still below pre-pandemic levels • Unemployment rate near historic lows and rent prices rising reflecting confidence • Over 330 mainland and overseas companies opened or expanded in Hong Kong in first 10 months, creating over 3,700 jobs