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DC reform meetings held

The Government held exchange meetings on the theme of improving the district governance system and reforming the District Councils (DCs) at the Central Government Offices today.   Over 80 Hong Kong Special Administrative Region deputies to the National People's Congress (NPC) and Hong Kong SAR members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) were there to exchange views on improving the district governance system and supporting the District Council election.   Chief Executive John Lee noted that it is the first major citywide election after improving the district governance system and reforming the DCs, and is of particular significance.   He said it also marks the final mile for the full implementation of the principle of “patriots administering Hong Kong” in the district governance structure.   The Chief Executive also noted that the election is of great significance to the good governance and the long-term st
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Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% 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 total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective central banks in response, tensions in Ukraine, and the lingering threat of the pandemic. This would continue to weigh on Hong Kong's export performance in the near term.   Nonetheless, the stable local epidemic situation should be conducive to the gradual revival of cross-boundary land transportation, alleviating some of the pressures facing the external sector.
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