China's Economic Overview and Challenges
Different sectors are seeing varying impacts, but in general
small and medium-sized enterprises are struggling
Employment has not yet returned to pre-
pandemic levels in most industries
Hong Kong employment change (end-2019 to end-2021)
Number in thousands
Real estate
Construction
Financing
Most small & medium-sized enterprisare
struggling to return to growth figures
Diffusion Indices of Small & Medium-Sized Enterprises'
Business Receipts
Above 50 represents an expansion, below 50 a contraction
Index
70
60
2623
5.8
2.4
1.3
50
40
Professional & business services
-1.1
30
IT & communication
-5.8
20
Public admin & social services
-11.4
10
Manufacturing
-12.1
0
Transportation
2018
2019
2020
-25.0
-Retail trade
Retail & food services
-30.6
-Restaurants
2021
External trades
Business services
External trade
-61.3
Source: HK Census and Statistical Department, data as of 11/1/2022
BEA東亞銀行
Source: HK Census and Statistical Department, data as of 11/1/2022
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