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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

Carrie Lam on leave

The Executive Council meeting today and the preceding media session have been cancelled as Chief Executive Carrie Lam is taking leave due to an elbow injury.   Mrs Lam fell at Government House last night and went to hospital by herself. She was diagnosed with a minor right elbow fracture.   On the doctor’s advice, Mrs Lam stayed in hospital for observation and will be on leave for the time being.       During her absence, Chief Secretary John Lee will be Acting Chief Executive.
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