Pursuits
Hong Kong’s Growth Slows as Tourists Buy Less Jewelry
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Hong Kong’s economic growth slowed in the second quarter as tourist spending on jewelry and watches plunged, underlining the city’s reliance on Chinese visitors.
Expansion from a year ago was weaker than in the first three months, with a bigger slowdown seen in growth from the previous quarter, Hong Kong Financial Secretary John Tsang wrote yesterday on his government blog. He didn’t provide numbers, which will be released Aug. 15.