Hong Kong, ,

Feb 23, 2011 10:19 AM

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Lui Siu Wai / Xinhua News Agency/Newscom

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Lui Siu Wai

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(110223) -- HONG KONG, Feb. 23, 2011 (Xinhua) -- Photo taken on Feb. 23, 2011 shows land reclamation work underway in Central district of Hong Kong, south China. Hong Kong's top financial official on Wednesday proposed measures to smooth further economic development while curbing foreseeable inflation and property bubbles, in addition to actions for livelihood caring. Delivering his budget proposals for the fiscal year 2011-2012 (April 1, 2011-March 31, 2012) at a meeting of the Legislative Council, John Tsang, financial chief of the Hong Kong Special Administrative Region government, said the city's GDP grew by 6.8 percent in 2010 mainly due to the strong growth in the mainland and other Asian areas. Considering influence of relatively strong growth sustained in Asia and possible fragile economic recovery of the U.S. and Europe, Tsang forecast that Hong Kong's GDP growth will expand by four to five percent in 2011. (Xinhua/Lui Siu Wai) (xzj)