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Hong Kong's Q1 growth slips to slowest in a decade

Trade war squeezes container traffic and consumption

Hong Kong's Kwai Tsing Container Terminals. The continued U.S.-China trade war has put a dent in the city's economic growth.   © Reuters

HONG KONG -- Hong Kong's real gross domestic product rose 0.5% on the year in the January-March quarter, advance estimates released Thursday show, as the global trade hub took a heavy blow from the economic battle between the U.S. and China.

The economy expanded at the slowest rate since July-September 2009, and decelerated markedly from a 1.2% increase reported for the fourth quarter of 2018.

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