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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

Wan Chai promenade further opens

The Wan Chai promenade connecting Tamar in Admiralty and the Convention & Exhibition Centre further opened today, adding a child-friendly green space along the Wan Chai waterfront, the Development Bureau announced.   The promenade, located on a reclaimed land of the Wan Chai Development Phase II project, is one of the 13 works projects under the $6.5 billion dedicated funding for harbourfront enhancement.   The promenade on the waterfront, with a length of about 560 metres and a width of about 6 metres, was opened in October 2019 and connects the harbourfront area of Central and Wan Chai.   It is part of the Victoria Harbour promenade, which has a total length of 5.5km and is by far the longest promenade in Hong Kong.   The bureau said the newly opened space of 7,800 sq m is largely a lawn for strolling and playing and that it also provides pavilions with various designs, tables, chairs and topography landscaping that allow visitors to relax and enjoy Victoria Harbour’s panoramic view.   Additionally, there is an activity area designed with a FunScape theme at the end of the promenade near Tamar Park.   Differing from the common children's playgrounds with mainly fixtures, the FunScape approach cultivates a free space for activities by way of horticulture design and undulating grass berms with colourful pipes.   A new art installation was also erected on the lawn area, the bureau pointed out.   Moreover, sustainable elements have been added to the newly opened area, including a wind-powered lighting system, solar-powered lamps along the walkway and a set of public art seats made from fallen trees caused by typhoons.   The bureau noted that three more entrances were added to the newly opened space in addition to three original entrances to enhance walkability at the harbourfront area.   Meanwhile, the Civil Engineering & Development Department is constructing a viewing deck across Lung Wo Road and the exit of the Central-Wan Chai Bypass. This would further improve the connectivity between the Wan Chai hinterland and the harbourfront.   The department is also planning a shared track for pedestrians and cyclists along the northern shore of Hong Kong Island, which will be implemented from the end of this year or early next year.
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