Hong Kong may raise growth target

Better outlook: A visitor takes photos of the Kowloon district from the viewing deck of the International Commerce Centre in Hong Kong. The government is likely to raise its full-year growth estimate by 0.5 percentage points from 2 to 3 in its annual budget in February after reviewing data next month. — AFP

HONG KONG: Hong Kong’s government is likely to raise its growth target as the city’s economy expands faster than expected this year, Financial Secretary Paul Chan said, according to RTHK.

The government is likely to raise its full-year growth estimate by 0.5 percentage points from the 2% to 3% forecast in its annual budget in February after reviewing data in August, Chan said.