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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

SJ meets legal sector

Secretary for Justice Teresa Cheng met legal sector members at two briefing sessions today to explain the improvement to Hong Kong's electoral system to enable the stakeholders to have a better understanding of the matter and thereby render their support.   The Standing Committee of the National People's Congress yesterday passed the amended Annex I and Annex II to the Basic Law for improving Hong Kong's electoral system.   The amendments safeguarded the constitutional order set out by the Constitution and the Basic Law while enhancing Hong Kong's governance efficacy. As such, the "one country, two systems" principle will continue to be implemented steadfastly.   In addition to giving its full support to the Government's work to improve the electoral system as early as possible, the Department of Justice will provide explanations to the legal community on the importance, necessity and legality of the improvement to gain their staunch support.
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