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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

Balanced approach to curbing virus

(To watch the full media session with sign language interpretation, click here.)   Chief Executive John Lee today said he has asked the Secretary for Health to review the current anti-epidemic measures, aiming to strike a balance between containing the virus spread and reducing the inconvenience to travellers.   Meeting the media this morning before chairing the first meeting of the new-term Executive Council, Mr Lee said the Secretary for Health is considering how the duration of quarantine should be handled.   “I am giving him time to look at the statistics so that he will formulate some options for me to consider.”   At the same time, the Government will strive to keep the COVID-19 pandemic under control and protect those who are more vulnerable to the virus, he noted.   “One of the important measures is to make good use of the polymerase chain reaction-based nucleic acid test so that we can be certain that we will be able to identify those who are infected early, separate them so that they will not be spreading the virus to other people.”
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