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Chinese manufacturers raised growth forecast for Hong Kong to 4%

The Chinese Manufacturers' Association of Hong Kong has raised its forecast for the city's economic growth this year, going from 2.5% to above 4%. The association also expects the number of mainland visitors to Hong Kong this year will return to 60% of the pre-pandemic level, leading to a recovery in tourism and related sectors. The Hong Kong General Chamber of Commerce has also suggested another distribution of consumption vouchers of no less than HKD5,000 per person this year. Chief executive George Leung Siu-kay emphasised the need to promote economic activities although the scheme would place a burden on the government. Leung also called for the gradual phasing out of the special and double stamp duties because the Hong Kong property market is no longer overheated.


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