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Algernon Yau to visit bay area cities

Secretary for Commerce & Economic Development Algernon Yau will join a delegation this afternoon to visit Guangzhou, Shenzhen, Zhuhai and Dongguan, the Government announced.   Organised by the Office of the Commissioner of the Ministry of Foreign Affairs in the Hong Kong Special Administrative Region, the aim of the trip is to help delegates keep abreast of the latest development of the Greater Bay Area for better integration into the nation’s overall development.   Mr Yau will return to Hong Kong on March 23. During his absence, Under Secretary for Commerce & Economic Development Bernard Chan will be Acting Secretary. http://dlvr.it/Sl99gg

Mar exports value up 26.4%

The value of Hong Kong’s total exports increased to $409.1 billion in March, up 26.4% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods increased 21.7% to $436.1 billion for the same period.   A trade deficit of $27 billion, or 6.2% of the value of imports, was recorded for the month.   Comparing the first quarter this year with the preceding quarter on a seasonally adjusted basis, the value of exports rose 19.4%, while that of imports increased 13.8%.   The value of exports continued to have strong growth on a year-on-year basis in March on the back of a sharp rebound in global demand. Exports to many major markets, notably the Mainland, registered visible increases, the Government said.   For the first quarter as a whole, total merchandise trade value surpassed the previous first-quarter high in 2018 by 13.2%, it added.
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