Wednesday 16 January 2019
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asiaone - 5 days ago

If you’re going to buy a house in Hong Kong, live in it, warns tycoon Li Ka-shing as he forecasts global slowdown

Hong Kong’s richest man, Li Ka-shing, said on Friday that the world faces slower economic growth and warned against speculation in the city’s property market. “This year, the world economy will probably be very complicated. Everyone should be cautious,” said Li, who retired last year, aged 90, as chairman of CK Asset Holdings and CK Hutchison Group. “In my own opinion, this year the world will face low GDP growth. I’m paying attention to the world economy because the group has businesses in 52 countries.”

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