According to the Wall Street Journal, Hong Kong's Chief Executive, Donald Chang, revealed on the 30th that towards mid-January, economic condition in Hong Kong might experience a double dip recession. Since, the aftermath of the global recession, Hong Kong's economy is under doubt and is uncertain whether its' economy will fully recover.
One predicts that Hong Kong's retail sale price will be on the upward path for three consecutive months, but then from first quarter next year, its' economy will begin to falter. However, last month's retail price gone up by 11.8 percent of approximately W3.5 trillion (US$3 billion) and increased by 9.8 percent in comparison to October. Such increase in sales price brings light to Hong Kong's economy being safe and sound, but many experts gather their brows about whether this growth will continue.
Nonetheless, Donald Chang says that Hong Kong is well-equipped with abundant resources to counteract negative outcomes and so he prevented further economic fear for next year.