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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 meets academicians

Secretary for Innovation & Technology Alfred Sit today met founders of the Greater Bay Area Association of Academicians.   The meeting was held to solicit insightful ideas from top-notch scientific research talents on the technological development of Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, as well as valuable advice on the development of an international innovation and technology (I&T) hub.   Mr Sit said the association is a strong platform and assumes an important role and huge responsibility for driving technology by leading national scientists.   Combining the edge in scientific research and Hong Kong's advantage as an international city, the association helps foster cross-disciplinary exchange and collaboration and promote technology and popular science education.   All this will be a driving force for the synergistic innovation and technology development of Guangdong, Hong Kong and Macau as well as Hong Kong and the bay area's development into an international I&T hub, making contributions to the nation's advancement in technology, he noted.   Mr Sit added that with the country's domestic and international dual circulation development strategy and the support of the 14th Five-Year Plan, Hong Kong will push ahead in the development of the bay area into an international I&T hub.   It will also complement with Mainland cities of the bay area and Macau, to make good use of the advantages of Guangdong, Hong Kong and Macau's research and development as well as industrial innovation to better integrate into national development and leverage Hong Kong's strengths to serve the country's needs.   Mr Sit also thanked the association for its contribution to improve Hong Kong's electoral system, which can put the city back on the right track and regain its momentum in driving technology.   Fifteen seats under the Election Committee's newly added technology and innovation subsector will be nominated from among the Hong Kong academicians of the Chinese Academy of Sciences or the Chinese Academy of Engineering, and the nomination forms should be submitted by the association.
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Railway settlement exceeds limit

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