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Justin Kuepper

Hong Kong Manages to Avoid Recession

By November 21, 2012

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Hong Kong's economy expanded at a 1.2% rate in 2012, which is sharply lower than its 4.9% growth in 2011, but better than many economists were expecting. The pickup towards the end of the year came as China and the U.S. reported modest recoveries, while products like the iPhone 5 and other technologies helped improve trade volumes.

The iShares MSCI Hong Kong Index Fund (NYSE: EWH) is trading up more than 20% year to date, despite the slowdown compared to last year. Investors have flocked to Hong Kong over the past decade, as it's the freest and one of the most capitalist countries in the world.

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