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Business Vocabulary

Studying the Economic Climate Hong Kong’s Economy has doubled in size with the GDP growth at an average annual rate of 5 percent in real terms in the last twenty years. As a growing business economy, the government plays an important role in Hong Kong’s development. Earlier, services contributed to 69 percent of the GDP, while 30 percent of the GDP was contributed by manufacturing, but today Hong Kong is looking at a change in the GDP constituents. 90 percent of the GDP is services and around 10% is manufacturing. This clearly indicates the extent to which Hong Kong and its residents are capable of adapting and recreating. It has also started embracing vital elements to the success of the country’s economy like management, finance, marketing, trade, and tourism. Hong Kong is extremely successful in terms of trade and its total trade volume s approximately split halfway between imports and … Read More

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