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Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective cen

Alfred Sit holds I&T briefings

Secretary for Innovation & Technology Alfred Sit held engagement sessions with Hong Kong deputies to the National People's Congress (NPC) and Hong Kong members of the Chinese People's Political Consultative Conference (CPPCC) on February 22 and 23.   The sessions were conducted in a virtual format to brief them on Hong Kong's latest innovation and technology developments before they attend the NPC and CPPCC meetings in Beijing next month.   Mr Sit expressed gratitude to the Hong Kong NPC deputies and the Hong Kong CPPCC members for their attention to the city's innovation and technology development and he hoped they can render support for the Government's work in this aspect.   Hong Kong will continue to leverage its strengths to serve the country's needs and actively participate in the nation's development, particularly in the development of the Guangdong-Hong Kong-Macao Greater Bay Area, he said.   "With the plentiful development potential in the Greater Bay Area, grasping the development opportunities in the Area is the top priority of the Hong Kong Special Administrative Region Government.”   The Government has been heavily investing and driving innovation and technology development along eight major areas with the staunch support of the country since the establishment of the Innovation & Technology Bureau.   The efforts are gradually delivering results and the overall innovation and technology ecosystem in Hong Kong has been significantly improved, with the number of local startups increasing from around 1,100 in 2014 to over 3,300 in 2020.
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