Hong Kong posts 0.9% Q3 growth

Hong Kong

HONG Kong's economy proved more resilient than expected in the third quarter, despite China's slowdown and weaker retail sales as fewer tourists streamed across the border on shopping sprees.

As an open economy on China's doorstep, Hong Kong is vulnerable to headwinds that now include a slowdown in the world's second-largest economy and broader uncertainty over US monetary policy, due to the city's currency peg to the dollar.