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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

Ling Ao power plant sound

An operational event at Ling Ao Nuclear Power Station on March 31 did not affect the plant's safe operation, the Security Bureau said today.   The case, reported on the Daya Bay Nuclear Power Operations & Management Company's website, involved a relay in the backup diesel generator of the station's Unit 1.   During a regular test, station staff found a dysfunctional relay and immediately replaced it according to the procedures. Its function has returned to normal after replacement.   Relevant statistics suggested that the dysfunction time of the relay had exceeded the operational and technical requirements.   The bureau said the event was classified as a Level 0 deviation in accordance with the International Nuclear & Radiological Event Scale and relevant nuclear safety regulations, adding that it did not affect the unit's safe operation, workers' health, nearby public or the environment.
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