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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

Electoral change objective clear

(To watch the full media session with sign language interpretation, click here.)   Chief Executive Carrie Lam today said the National People's Congress' deliberation on a decision to improve the Hong Kong Special Administrative Region's electoral system aims to ensure that Hong Kong is administered by patriots.   Mrs Lam made the statement when speaking to the media this afternoon.   She said: "The improvements to the electoral system in the Hong Kong SAR are not designed to favour someone. They are designed to ensure that whoever is administering Hong Kong is patriotic.   "And this is only right in terms of political ethics - how could one who is governing a place not be patriotic to that country? It is inconceivable.   "So this is the objective of this exercise and I've made it very clear that the improvements only seek to ensure that it is patriots administering Hong Kong."   Mrs Lam noted that only when this requirement has been fulfilled can Hong Kong’s stability and prosperity be ensured, adding it will help safeguard the city’s constitutional order under the Basic Law and resolve the city’s deep-seated problems.   "Once Hong Kong people realise all these justifications, I'm sure that they will take these elections very seriously because by returning people who are patriotic, who are going to follow the ‘one country, two systems’, then Hong Kong will have a much brighter future in terms of economic development and prosperity."   Mrs Lam pointed out that Hong Kong people will continue to have a role in the future development of the city’s political structure and stressed it has to take place within the proper constitutional framework.   "What we are now seeing are deficiencies in the electoral system which could be exploited by people, including some external forces, and hence return politicians who may take advantage of their position to undermine governance, or even to undermine national security and development interests of the country.   “So when everything is now being restored to its proper constitutional order since Basic Law Article 45 and Basic Law Article 68 are being maintained and retained, then the chance will come, the time will come for Hong Kong's political system to continue to move forward in a gradual and orderly manner with a view to achieving that ultimate objective of universal suffrage in the selection of the Chief Executive."
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