HKMA Quarterly Bulletin, September 2006

The Hong Kong Monetary Authority published the September 2006 issue of its Quarterly Bulletin on 21 September. The Bulletin includes the article 'Hong Kong's business cycle synchronisation with Mainland China and the US'.

Co-movements of business cycles in Hong Kong and the Mainland have increased steadily since the 1990s. Although the corresponding co-movements with the US dipped in the late 1990s, there has been a significant increase in the degree of synchronisation since 2000. This raises the

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