AP News

News Summary: Hong Kong sees mild economic rebound

FORECAST: Hong Kong's finance chief predicted a modest economic recovery in 2013, with growth between 1.5 to 3.5 percent. The Chinese city's economy grew 1.4 percent last year.

PRESSURE: Still, John Tsang said it would be a "challenging" year for Hong Kong, a financial center highly dependent on trade. A slow recovery in the U.S., European economies mired in recession and uncertainty over the effectiveness of the Japanese government's stimulus measures are pressuring Hong Kong.

GROWTH PUSH: He also unveiled measures to boost growth and bolster employment in key industries including financial services, tourism and trade logistics.

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