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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

April exports value up 24.4%

The value of Hong Kong's total goods exports increased to $384.9 billion in April, up 24.4% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods increased 25.2% to $416.7 billion for the same period.   A trade deficit of $31.8 billion, or 7.6% 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 exports rose 14.5%, while that of imports increased 8.6%.   The value of total merchandise trade for the first four months of the year was way higher than the previous high recorded in the same period in 2018, reflecting vibrant trading activities amid a sharp rebound in external demand, the Government said.   Looking ahead, the sustained revival of the global economy should continue to render support to Hong Kong's export performance in the near term.   However, the evolving pandemic situation and other risk factors such as China-US relations and geopolitical tensions still warrant attention, it added.
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