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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

Date set to start legislative session

The Government announced today that in accordance with section 4(3) of the Legislative Council Ordinance, the Chief Executive in Council has specified January 1, 2022 as the commencement date of the Seventh Legislative Council.   The Chief Executive has also specified January 12, 2022 as the commencement date of the 2022 legislative session under section 9(2) of the Legislative Council Ordinance and specified 11am of that date for holding the first meeting of the Legislative Council in accordance with section 10(1) of the same ordinance.   Notices announcing the commencement dates of the Seventh Legislative Council and the 2022 legislative session as well as the date and time of holding the council’s first meeting were gazetted today.
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