Hong Kong Q1 GDP growth surges 7.2% Y/Y vs. expectations of 5.5%. HK's currency peg leaves its...

|By:, SA News Editor

Hong Kong Q1 GDP growth surges 7.2% Y/Y vs. expectations of 5.5%. HK's currency peg leaves its monetary policy in the hands of the Fed and rates scraping 0% are inappropriate for the bustling state. Property prices are 55% higher over the past 2 years and inflation is slated to rise near 6% in 2011. EWH +29% Y/Y.