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China and HK in Top 5 Asian Most Dynamic Economies
Hong Kong Special Administrative Region, South Korea, Malaysia, Singapore and mainland of China have stood out as the top 5 countries and regions in Asia with the most dynamic economy in the first quarter, according to economic growth rate issued by these governments.
Hong Kong has registered a 14.3% increase of its GDP in first quarter, 3.5% higher than predicted. The followings are South Korea, Malaysia and Singapore, with GDP growth hitting 12.8%, 11.7% and 9.1% respectively. Meanwhile, the GDP in the mainland of China has achieved an 8.1% increase, surpassing 7.9% made by Taiwan.
A report issued lately by the Asian Development Bank predicted that the average economic growth for countries and regions with high level of industrialization and high-tech will rise to 6.5%, and only 4.6% will be achieved by countries and regions with low level of industrialization.
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