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

Hong Kong recorded a 17 per cent growth in investment in the first quarter of the year driven mainly by machinery purchases and construction-related activities, according to the city’s finance chief, reflecting a steadily improving property market. Financial Secretary Paul Chan Mo-po on Sunday acknowledged a gap in perceived economic growth among residents working in different sectors as the city recorded its fastest quarterly GDP rise in nearly five years of 5.9 per cent. But he remained...