Finance Chief Paul Chan Discusses Effects of Strong Hong Kong Dollar on Tourist Spending
Sunday, 5 May 2024, 10:12
Finance Chief Paul Chan Discusses Impact of Strong Hong Kong Dollar
Finance Chief Paul Chan emphasized the adverse effects of the strong Hong Kong dollar on tourist spending. The city's economy is vulnerable to a prolonged high-interest rate environment in the US, potentially impacting exports, inbound investment, and capital markets.
- Issue Highlight: Strong Hong Kong dollar impacting tourist spending
- Concern: Risk posed by higher-for-longer US interest rates
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