European Parliament Library

People’s Republic of China :, Hong Kong Special Administrative Region: 2010 Article IV Consultation Discussions: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Abstract
Owing to prompt policy action, the Hong Kong economy is now back on a robust growth trajectory. Inflation has rebounded, driven by higher costs for utilities. Banks have withstood the financial market volatility. Higher property prices leading to higher rents and the ongoing asset price inflation will feed into higher consumer prices. Financial stability using macroprudential tools and improving the overall fiscal position will help. Preserving the flexibility and adaptability of its economy will require a careful balancing act
Table Of Contents
Contents; I. A Resurgent Economy; Figures; 1. A Robust Recovery; II. Capital Inflows and Financial Conditions; 2. Financial Market Developments; III. The Credit-Asset Price Cycle; 3. The Real Estate Market; Boxes; 1. Are Residential Property Prices Overvalued?; 2. Property Market Measures; 3. Exchange Rate Assessment; IV. The Need to Withdraw Fiscal Stimulus; V. Longer-Term Issues; 4. Recent Steps Toward Renminbi Internationalization; VI. Staff Appraisal; Tables; 1. Selected Economic and Financial Indicators; 2. Consolidated Government Account; 3. Medium-Term Balance of Payments
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (36 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283551793

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