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Feb exports value down 0.8%

The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods fell 1.8% to $325.7 billion for the same period.   A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%.   The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago.   Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance.   Looking ahead, the Gove

Govt will remain subject to scrutiny

(To watch the full media session with sign language interpretation, click here.)   Chief Executive Carrie Lam today dismissed suggestions that improving Hong Kong's electoral system would result in the Government no longer being monitored.   Speaking to the media this evening, Mrs Lam said the changes were not aimed at making the Legislative Council more supportive of the Hong Kong Special Administrative Region Government.   “The Legislative Council has very important constitutional duties under the Basic Law. There are also something that I attach a lot of importance to, and that are checks and balances.   “The executive needs to be monitored and scrutinised by the Legislative Council, whether in terms of enactment of legislation, in terms of answering questions from them or putting funding proposals to the Legislative Council.   “All these will not be changed because we are not dealing with making the Legislative Council more supportive of the Hong Kong Special Administrative Region Government.   “We are just making sure that the Legislative Council, being such an important political structure in the Hong Kong SAR, is supporting 'one country, two systems', will not do anything to undermine national security and will continue to allow Hong Kong to move forward.   “So I just do not see how - by improving the electoral system in Hong Kong or even by expanding the number of Legislative Council members from 70 to 90 - the Hong Kong SAR Government will not be monitored, will not be put under these checks and balances. They will continue.”
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