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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

617 virus cases in restricted areas

The Government today announced that 617 preliminary positive COVID-19 cases were found in the compulsory testing exercises involving three restricted areas in Kwun Tong and Tseung Kwan O.   It made restriction-testing declarations yesterday to cover Sau Wah and Sau Yee houses of Sau Mau Ping Estate in Kwun Tong and Block 5, On Ning Garden in Tseung Kwan O, where about 2,070, 2,030 and 910 people were tested.   A total of 259 preliminary positive cases were detected in Sau Wah House, 273 in Sau Yee House and 85 in Block 5, On Ning Garden.   There were also 83 indeterminate cases in the three buildings.   The Centre for Health Protection will follow up on the cases.
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