The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today. The value of imports of goods fell 1.8% to $325.7 billion for the same period. A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February. Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%. The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago. Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance. Looking ahead, the Gove
Secretary for Commerce & Economic Development Edward Yau today briefed publishing sector representatives on the amended Annex I and Annex II to the Basic Law approved by the Standing Committee of the National People's Congress.
At the meeting, Mr Yau reiterated the necessity and urgency of improving the electoral system and highlighted its importance to creating a stable business environment and ensuring Hong Kong's prosperity and stability.
He also called on attendees to fully support the relevant amendments.
Mr Yau stressed that by improving the electoral system, the excessive politicisation in society and the internal rifts that have torn Hong Kong apart can be effectively mitigated, thereby enhancing the city's governance capability.
Hong Kong will then be able to focus on addressing economic and livelihood issues, and developing the economy to achieve long-term prosperity and stability by leveraging its unique advantages and the staunch support of the central authorities, he added.
Mr Yau will brief the broadcasting, film, music and performing arts sectors on the relevant amendments on April 13.
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