Hongkong Exports Are Most Affected By Cold Toys And Clothing Industry

2011/10/28 9:20:00 25

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Cold Export In Hongkong

Europe and America and Mainland China market

Drag on

Hong Kong

Exports fell for the first time in two years, and market participants were pessimistic about Hongkong's export industry, which is expected to be very cold this winter.

Hongkong statistics released in October 26th, Hongkong last month as a whole

Value of exports

An annual reduction of 3% is the first time since October 2009.

Sun Qilie, honorary chairman of the Export Chamber of Commerce, described Hongkong's export industry as facing "severe winter". He expected that the closure would be flooded.

Deng Shian, chief economist of Bank of East Asia, estimates that exports will suffer negative growth in the coming months, which will drag Hongkong's overall economic growth in 2011.

Hongkong's export will be in bad condition.

Emerge

。

The Statistics Department of Hongkong announced that the value of Hongkong's total exports fell by 3% last month, the first time since October 2009, and Hong Kong's exports have plunged more than 18% and imports have risen 2.3%.

Exports to major trading partners in Europe and Asia Pacific region during the period.

Fall

Among them, the US and Britain fell by nearly 9% to 12%, while the Chinese mainland also fell by more than 7%.

A spokesman for the Hongkong government said that the overall slowdown in exports last month was mainly dragged down by the Chinese mainland and the US market, while the European debt crisis has intensified and the recovery of advanced economies has been weak. The downside risks of the global economy continue to rise. Hongkong's export prospects in the coming months are not optimistic. We must remain alert to the development of the periphery.

Economists and the industry are pessimistic about Hongkong's export industry.

Sun Qilie, the honorary chairman of the Export Chamber of Commerce, believes that Hongkong's export industry is in the "severe winter" period, and toys and clothing industries are most affected. In September, the new product safety test certification was cold. It means that in early 2012, only a small number of new products were launched. He could not see signs of recovery in the US and Europe, pessimistic about Hongkong's export prospects, and expected to collapse. I hope the government can introduce measures to save SMEs.

Deng Shian, chief economist of Bank of East Asia, expects that there will be negative growth in exports in the next few months, which will drag Hongkong's overall economic growth in 2011. He expects to grow by only 5%.

According to the Statistics Department of Hongkong, the total value of total exports of goods combined with re exports in September was 271 billion 799 million yuan (HK $, the same below), down 3% year-on-year.

In September, the value of re exports was 266 billion 932 million yuan, down 2.7%, while the value of domestic exports was 4 billion 868 million yuan, or 18.6%.