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Xia Baolong begins HK visit

CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong today arrived in Hong Kong for a seven-day inspection visit.   Upon his arrival at Hong Kong International Airport this morning, Mr Xia toured the Integrated Airport Centre in the company of Chief Executive John Lee, Chief Secretary Chan Kwok-ki and Airport Authority Hong Kong (AAHK) Chairman Jack So.   Mr Xia was updated by Secretary for Transport & Logistics Lam Sai-hung and AAHK Chief Executive Officer Fred Lam, on the developments of the aviation industry and the latest situation of Hong Kong's development as an international aviation and cargo hub. Mr Xia also inspected the operation of autonomous vehicles at the airport.   In the afternoon, he had an engagement session with Principal Officials and Permanent Secretaries of the Hong Kong Special Administrative Region Government led by Mr Lee.   At another engagement ses

Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective central banks in response, tensions in Ukraine, and the lingering threat of the pandemic. This would continue to weigh on Hong Kong's export performance in the near term.   Nonetheless, the stable local epidemic situation should be conducive to the gradual revival of cross-boundary land transportation, alleviating some of the pressures facing the external sector.
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