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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

FS opens InnoCarnival

Financial Secretary Paul Chan today officiated at the opening ceremony of InnoCarnival 2022, which will run until October 30.   Speaking at the ceremony, Mr Chan said innovation and technology (I&T) are key drivers that foster economic innovation, accelerate the speed of development and expand development capacity. They are the determining factors of the future rise and fall of economies across the world.   The Chief Executive's Policy Address also stated that the Government will promulgate the Hong Kong I&T Development Blueprint within this year and proactively compete for enterprises and talent, so as to boost the flourishing development in the I&T industry and help Hong Kong move full steam towards the vision of an international I&T centre.   Themed "Innovation and technology empower our dreams", this year's carnival is one of the celebration events for the 25th anniversary of the Hong Kong Special Administrative Region's establishment.   A total of 37 booths featuring exhibits of local I&T achievements are set up at the Science Park, along with around 145 online workshops and about 40 webinars, aiming to show the public the importance of I&T in people's daily lives and inspire the younger generation to pursue knowledge and cultivate interest in STEM (science, technology, engineering and mathematics).   In addition, as the country recruits payload specialists in the Hong Kong SAR for the first time, an aerospace showcase is staged in the carnival.   The "City I&T Grand Challenge: The Showcase" is also being held during the event, where prototypes developed by 25 winners in the university or tertiary institute category as well as open groups are on display and available for trial.   All of the activities, with some requiring preregistration, are free of charge.
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