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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

SZ Bay service hours to extend

The operating hours of passenger clearance services at the Shenzhen Bay Control Point will be adjusted to 10am to 10pm daily from April 29, the Hong Kong Special Administrative Region Government announced today.   Currently, the operating hours of passenger clearance services at the control point is 10am to 8pm daily.   It said the move to extend the service hours was made having regard to the latest epidemic development in the Mainland and the Hong Kong SAR, and to tie in with the extension of the Return2hk Scheme from April 29.   The Hong Kong SAR Government and the Shenzhen Municipal Government have agreed to extend the operating hours of passenger clearance services to enable cross-boundary travellers with genuine needs to travel without posing an additional health risk to the two places.   It is also a step towards the resumption of cross-boundary people flow between the two places in a gradual and orderly manner.   Since January 30 last year, the Hong Kong SAR Government has suspended passenger clearance services at 12 land-based and sea-based control points by phases.   Only the Shenzhen Bay Control Point and the Hong Kong-Zhuhai-Macao Bridge Hong Kong Port are still providing passenger clearance services at present.
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