Economy / Hong Kong
Hong Kong
July 2011 | Risk SummaryWhile Hong Kong continues to experience robust economic growth, discontent among the masses continues to grow, with skyrocketing property prices playing a primordial role. A concoction of rapidly ascending prices, inflation and a widening wealth gap continues to plague even those in the middle of Hong Kong's social stratum, who find increasing difficulty in meeting daily living costs. Meanwhile, the HK dollar's peg to the USD means HK monetary authorities are unable to tighten monetary policy, thus making countering inflation
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