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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 rejects US report

The Hong Kong Special Administrative Region Government expressed strong opposition to the unfounded remarks on Hong Kong contained in the US' 2021 Report on International Religious Freedom.   The Hong Kong SAR Government made the statement today, noting that following the implementation of the National Security Law, chaos has stopped and order has been restored in Hong Kong.   It explained that the National Security Law ensures the resolute, full and faithful implementation of the “one country, two systems” principle under which the people of Hong Kong administer Hong Kong with a high degree of autonomy, and also clearly stipulates that human rights shall be respected and protected in safeguarding national security in the Hong Kong SAR.   The rights and freedoms, including the freedoms of speech, of the press, of publications, of association, of assembly, of procession and of demonstration, enjoyed by residents of Hong Kong under the Basic Law and the provisions of the International Covenant on Civil & Political Rights and the International Covenant on Economic, Social & Cultural Rights as applicable to Hong Kong shall be protected in accordance with the law, the Hong Kong SAR Government pointed out.   It added that the four categories of offences endangering national security stipulated under the National Security Law are clearly defined. Law-abiding people will not unwittingly violate the law.   The Hong Kong SAR Government stressed that all law enforcement actions taken by law enforcement agencies under the National Security Law, or indeed any local legislation, are based on evidence, strictly according to the law and for the acts of the people or entities concerned, and have nothing to do with their political stance, background or occupation.
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