Hong Kong's financial chief John Tsang said on Wednesday in his budget speech that the city's economy grew by 6.8 percent in 2010.
Tsang said the economy in 2010 staged a full recovery at a faster pace than expected in the wake of the downturn in 2009, thanks to the strong growth in the Chinese mainland and Asia that the economy has surpassed the pre-tsunami level.
Hong Kong's exports of goods soared by 17.3 percent in real terms for the year as a whole, underpinned by the reviving global trade flows, Tsang said.
As the employment market improved and income increased, private consumption expenditure registered a significant growth of 5.8 percent in 2010.
Benefiting from an upbeat business sentiment and the commencement of major infrastructure projects, the overall investment recorded a strong growth of 8.1 percent last year.
Hong Kong economy expands 6.8% in 2010
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