Europe'S Debt Crisis Worsened &Nbsp; Hongkong'S Clothing Exports Were Less Affected.
Liang Haiguo, chief economist of Hongkong TDC, said 24
European debt crisis
Worsening, and the euro's exchange rate makes the local consumer market weak. It is expected that Hongkong's exports in the second half of this year will be affected.
But at the same time, Liang Haiguo also pointed out that Europe's performance in the first quarter of this year is acceptable and the market has adapted to the European debt crisis for some time. So it is believed that the impact will not be great. At present, the economic outlook for Hongkong is still stable.
He pointed out that "
Five pigs in Europe
"Other economies account for about 10% of the total consumer goods exports in Hongkong. There are many" export products that can be used, but can be bought or not ", which are facing greater difficulties. However, there is still a strong demand for basic consumer goods, environmental protection products and quality products. Clothing and other practical products are well sold because of their competitive prices. I believe that as long as the European debt crisis does not have a great impact on the overall economy of Europe, the market will achieve a stable surplus.
He also pointed out that the main earthquake in Japan was
Electronic parts
Exports have had an impact, but so far, Hongkong's economy has been performing well and is more optimistic about the mainland market.
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