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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

April exports value up 24.4%

The value of Hong Kong's total goods exports increased to $384.9 billion in April, up 24.4% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods increased 25.2% to $416.7 billion for the same period.   A trade deficit of $31.8 billion, or 7.6% 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 exports rose 14.5%, while that of imports increased 8.6%.   The value of total merchandise trade for the first four months of the year was way higher than the previous high recorded in the same period in 2018, reflecting vibrant trading activities amid a sharp rebound in external demand, the Government said.   Looking ahead, the sustained revival of the global economy should continue to render support to Hong Kong's export performance in the near term.   However, the evolving pandemic situation and other risk factors such as China-US relations and geopolitical tensions still warrant attention, it added.
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