The value of Hong Kong's total exports decreased to $338.3 billion in April, down 13% on the same month last year, the Census & Statistics Department announced today. The value of imports of goods decreased 11.9% to $374.9 billion for the same period. A trade deficit of $36.6 billion, or 9.8% of the value of imports, was recorded in April. Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of exports rose 15.4%, while that of imports increased 10.7%. The Government noted that the value of merchandise exports declined further from a year earlier in April. Exports to the Mainland, the US and the European Union all shrank and exports to other major Asian markets recorded decreases of varying degrees. Looking ahead, it added that the weakness in the advanced economies will continue to weigh on Hong Kong's export performance, though the expected faster recovery of the Mainland economy should
The Environmental Protection Department today announced the approval of 20 applications for green transport trials under the New Energy Transport Fund.
They include the trials of 10 electric light goods vehicles, two electric tractors, nine single-decker electric buses and six electric motorcycles, involving a total subsidy of about $25.3 million.
The latest approval brings the total number of trials under the fund to 227, amounting to a subsidy of about $190 million.
Set up in 2011, the fund is open for applications from transport operators and charitable and non-profit making organisations providing transport services to clients.
Transport operators and organisations applying to try out green innovative technology products are subject to a maximum subsidy of $10 million for each application and a total of $12 million for each applicant.
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