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Mon 21 Jul 2014 11:54 AM

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Hong Kong's economy to grow by 4%

Hong Kong's economy in 2014 is expected to expand at its fastest pace in three years, according to government estimations, with a forecasted growth of between three and four percent, up from 2.9 percent in 2013.

Hong Kong's economy to grow by 4%
People ride on escalators in a shopping mall in Hong Kong on July 20, 2014. Hong Kong's economy in 2014 is expected to expand at its fastest pace in three years, according to government estimations, with a forecasted growth of between three and four percent, up from 2.9 percent in 2013. (AFP/Getty Images)
Hong Kong's economy to grow by 4%
People ride on escalators in a shopping mall in Hong Kong on July 20, 2014. Hong Kong's economy in 2014 is expected to expand at its fastest pace in three years, according to government estimations, with a forecasted growth of between three and four percent, up from 2.9 percent in 2013. (AFP/Getty Images)
Hong Kong's economy to grow by 4%
A women walks with a shopping bag next to a large mural of a Hong Kong street, in Hong Kong on July 20, 2014. Hong Kong's economy in 2014 is expected to expand at its fastest pace in three years, according to government estimations, with a forecasted growth of between three and four percent, up from 2.9 percent in 2013. (AFP/Getty Images)
Hong Kong's economy to grow by 4%
This photo taken on July 12, 2014 shows people using umbrellas as sun shields as they walk past apartment buildings in Hong Kong. Housing prices in the southern Chinese city have roughly doubled since 2009, with prices being pushed up by buyers from mainland China. (AFP/Getty Images)
Hong Kong's economy to grow by 4%
This photo taken on July 12, 2014 shows a taxi driving past a large residential complex in Hong Kong. Housing prices in the southern Chinese city have roughly doubled since 2009, with prices being pushed up by buyers from mainland China. (AFP/Getty Images)
Hong Kong's economy to grow by 4%
Residential units are seen clustered tightly together in an apartment complex in the Quarry Bay area of Hong Kong on July 7, 2014. Housing prices in the southern Chinese city have roughly doubled since 2009, with prices being pushed up by buyers from mainland China, in a trend towards even higher population density that now sees, according to government estimates, around 170,000 people living in tiny subdivided apartments in and around already cramped residential units. (AFP/Getty Images)
Hong Kong's economy to grow by 4%
This photo taken on July 1, 2014 shows protesters marching during a pro-democracy rally seeking greater democracy in Hong Kong. When huge crowds took to Hong Kong's streets this week to voice anger at Beijing's ever-tightening grip, an unlikely group was marching in step: wealthy financiers fighting mainland influence over the city's markets and political life. (AFP/Getty Images)
Hong Kong's economy to grow by 4%
This picture taken on July 1, 2014 shows hedge fund manager and founder of Occupy Central's banking and finance group, Ed Chin (C), carrying a banner during a pro-democracy rally seeking greater democracy in Hong Kong. When huge crowds took to Hong Kong's streets this week to voice anger at Beijing's ever-tightening grip, an unlikely group was marching in step: wealthy financiers fighting mainland influence over the city's markets and political life. For Chin and other financiers who have formed their own faction within the activist Occupy Central group, the pro-democracy movement presents an opportunity to address what they see as China's outsized influence on Hong Kong's crucial financial sector. (AFP/Getty Images)