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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 to ease social distancing rules

The Government today announced a further relaxation of social distancing measures with a view to relaunching social and economic activities in an orderly manner.   In a press release, the Government explained that following the first stage of relaxation since April 21, the COVID-19 epidemic situation in Hong Kong has remained under control.   As the number of daily new cases has been on a continuous downward trend without a salient sign of rebound, coupled with the fact that Vaccine Pass requirements have been put in place since April 30, it considered that Hong Kong is ready to implement the second stage of relaxation in social distancing measures from May 19 as scheduled, and suitably advance the easing of certain measures from May 5.   Starting on May 5, three social distancing measures will be eased. First, the maximum number of people per table in catering premises will be increased from four to eight.   Second, swimming pools will be reopened, but users must wear masks at all times except when they are exercising or taking a shower. The Leisure & Cultural Services Department will also gradually reopen its gazetted beaches, water sports centres and public swimming pools under its management.   Third, citizens can be mask-free when they visit country parks, while conducting strenuous physical activity in outdoor public places or exercising in outdoor sports premises.   Separately, from May 19, additional social distancing measures will be eased unless there is a substantial rebound or drastic change in the epidemic situation.   Dine-in service hours will be extended to 11.59pm. Bars and pubs can be reopened with service hours up to 1.59am and a maximum of four people per table.   Other scheduled premises that are currently closed, which include bathhouses, party rooms, clubs or nightclubs, karaoke establishments, mahjong-tin kau premises and cruise ships, may reopen.   Also starting May 19, the restriction on the number of people allowed in premises such as cinemas, performance venues, museums, event premises and religious premises will be relaxed to 85% of their capacity. Moreover, patrons will be allowed to eat and drink in cinema houses.   Furthermore, people will not be required to wear masks when they are working out in indoor sports premises and fitness centres that satisfy the air change requirement.   The Government reminds the public that the third stage of the Vaccine Pass, which requires citizens to get the third dose of a COVID-19 vaccine before entering specified premises, will be implemented on May 31.
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