First-quarter GDP grows 7.2%
The strong momentum in Hong Kong's economy continued in this year's first quarter, with real gross domestic product (GDP) leaping 7.2% year on year.

Growth in the first quarter was slightly higher than the already appreciable 7% growth for 2010 as a whole, said Government Economist Helen Chan.

Hong Kong ties with U.S. as world's most competitive economy
Hong Kong, together with the United States, has been ranked the world's most competitive economy by the Swiss-based International Institute for Management Development (IMD) in its World Competitiveness Yearbook 2011, issued May 18.

U.S. wine industry urged to tap growth potential in Hong Kong
Hong Kong Commissioner for Economic and Trade Affairs, USA, Donald Tong urged the U.S. wine industry to use new facilitation measures to tap into the tremendous growth potential of Hong Kong as a regional wine-trading hub.

Google confirms leading digital city status
The Hong Kong Special Administrative Region Government welcomed the findings of a report released May 4 by Google Hong Kong on the contribution of the Internet to the territory's economic vitality, saying it has reaffirmed its position as a leading digital city.

Survey: Hong Kong has lowest phone and Internet fees
An international tariff benchmarking survey commissioned by the Office of the Telecommunications Authority (OFTA) found that residential and business users in Hong Kong pay as low as one-tenth of the telecommunications charges of their counterparts in six other cities studied.