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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

Social distancing rules kept

The Government today announced that social distancing measures currently in place will be extended until June 23.   The requirements and restrictions applicable to catering businesses and scheduled premises, as well as the requirements for group gatherings and mask wearing will be maintained.   Noting that local cases with the N501Y mutant strain have been recorded recently and the source of infection has yet to be identified, the Food & Health Bureau said it is not appropriate to relax social distancing measures at the moment.   The bureau added that in the face of the challenges posed by mutant strains, there is a pressing need to get vaccinated.   Taking into account the epidemic development, the Government will continue to adjust social distancing measures under the vaccine bubble principle.   In addition to the protection received, people who have completed the vaccination course would also be subject to more lenient requirements under the various social distancing measures.
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