Tang Says Hong Kong Ends 68 Month Deflationary Period

HK walks out of 68-month deflation cycle, official

HONG KONG, Aug. 23 (Xinhuanet) -- Hong Kong Financial Secretary Henry Tang said he believed Hong Kong has walked out of the consumer price deflation cycle that lingered for 68 months, according to the consumer price index trend in the past few years.

The latest composite consumer price index will be released later Monday, Tang said at the Hong Kong Economic Summit which was opened Monday morning.

Hong Kong's economy has made remarkable improvement since the second half of 2003 and the economy for the second quarter of thisyear is expected to achieve a two-digital growth, he said.

Read the story at Xinhua.