CHN Bamboo
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HONG KONG, May 4 (Xinhua) -- Hong Kong's Gross Domestic Product (GDP) contracted 8.9 percent year-on-year in the first quarter of this year, the largest recorded decline since the reference period of the first quarter of 1974, as the COVID-19 pandemic has weakened both domestic and external demand, the Hong Kong Special Administrative Region (HKSAR) government said Monday.
Meanwhile, Hong Kong's economy fell 3 percent in the fourth quarter of last year, according to advance estimates of the Census and Statistics Department of the HKSAR government.
Meanwhile, Hong Kong's economy fell 3 percent in the fourth quarter of last year, according to advance estimates of the Census and Statistics Department of the HKSAR government.