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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 respects HKU decision

Secretary for Education Kevin Yeung said today the Government respects the University of Hong Kong’s decision to deny all students who attended the HKU Students’ Union Council meeting on July 7 from accessing the campus.   At a media session after attending radio programmes, Mr Yeung made the response when he was asked if it is fair to those council members when they have not yet been arrested nor convicted.   He said: “The University of Hong Kong made the decision due to risk assessment and the control of exposure to unnecessary risks. It made the decision based on its internal procedures and own assessment. So we will respect its decision based on that.”
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