Hong Kong exports slump for first time in six years
Updated: 2016-01-26 20:00
(chinadaily.com.cn)
|
|||||||||||
Hong Kong's struggling exports sector saw a 1.8 percent drop in trade last year having fallen for eight straight months amid global economic woes, marking its first annual contraction since 2009.
The value of exports fell by 1.8 percent over 2014, compared with a rise of 3.2 percent in 2014. It plunged by 12.6 percent in 2009, in the aftermath of the global financial crisis.
The stagnant whole-year export performance came as no surprise as the city's export value tumbled for eight months on the trot, with monthly losses narrowing to a year-on-year 1.1-percent drop in December.
The SAR's faltering export trade echoed the subdued regional production and trading activities amid sluggish global demand conditions, a government spokesman said.
Related Stories
Could hyperloop come to Hong Kong? 2016-01-26 16:29
Pressure to mount on Hong Kong dollar 2016-01-26 09:22
Importing workers crucial to Hong Kong's competitiveness 2016-01-26 08:15
Hong Kong hits all-time low on happiness index 2016-01-25 20:04
Today's Top News
China's growth envy of developed world
Foreigners find hard to buy China's rail tickets
Rags to riches saga underlines China's transformation
Leaders address Iran's thirst for growth
UK's interest in China boosted by BBC TV series
Global push
AIIB chief vows to run clean, lean, green institution
'More Europe' to deal with 'triple crisis'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Acquisition bandwagon continues to roll |
South China's food touches the heart |
China wins fastener tiff with EU |
Global presence doesn't make a multinational |
Businessman heads revolution in China's canteens |
UK's interest in China boosted by latest BBC TV series |