Bankruptcy petitions increased 17.13% m/m in October.

By bne IntelliNews November 20, 2012
Hong Kong's bankruptcy petitions increased 17.13% m/m posting 759 in October this year. As reported by Reuters News, the number of bankruptcy orders declined 2.70% m/m posting 685 during the period. The government amended its gross domestic product (GDP) growth forecast to 1%-2% for this year from 1%-3% earlier, due to the Euro zone crisis and weak demand for exports.

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