Hong Kong records 17% jump in investments led by machinery purchases, construction

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Hong Kong experienced a significant 17% increase in investments attributed to machinery purchases and construction activities. This growth is seen as a positive indicator of the rebounding property market in the region.

Hong Kong recorded 17 per cent growth in investment in the first quarter of the year, driven mainly by machinery purchases and construction-related activities that reflected a steadily improving property market, the finance chief has said. Financial Secretary Paul Chan Mo-po noted on Sunday that while the city recorded its fastest quarterly expansion in nearly five years at 5.9 per cent, not all residents might immediately perceive the improvements in the economy. Nevertheless, he remained...