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Apr exports value down 13%

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

CE mourns Cheung Yan-lung

Chief Executive Carrie Lam today expressed deep sorrow over the passing of Cheung Yan-lung, a long-time participant of public services including the chairmanship of the Heung Yee Kuk and the Regional Council.        Mr Cheung was also a member of the Legislative Council, the District Council and the Selection Committee for the first Government of the Hong Kong Special Administrative Region.   Mrs Lam said: “Sparing no effort in promoting the development of the New Territories, he was held in high regard and revered by the rural residents.        "I am saddened by the passing of Mr Cheung. On behalf of the Hong Kong SAR Government, I would like to extend my deepest condolences to his family."   Secretary for Home Affairs Caspar Tsui also expressed sorrow over the passing of Mr Cheung, saying that he had played an important role in bridging the communication between the Government and New Territories residents.   He spared no efforts in promoting rural affairs and district administration in the New Territories and worked for the welfare of its residents, Mr Tsui added.
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