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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

20 green transport trials approved

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.   Click here for details.
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