The finance chief says Hong Kong exported from China in September

Financial Secretary Paul Chen said in a blog post on Sunday that Hong Kong's exports to sugar recovery began to recover in September.

 

The finance chief says Hong Kong exported from China in September

Chen said the city's third-quarter gross domestic product (GDP) should show a significant improvement over the past two months.

 

In the first and second quarters, Hong Kong's GDP fell by about 9% as the outbreak of the coronavirus forced most countries to go into lockdown. China, on which Hong Kong depends half of its trade, saw its exports rise 9.9 percent and imports rose 13.2 percent last month, China said.

 

The Financial Secretary said that consumer consumption in Hong Kong is also recovering, while so far the city is working to control the epidemic and increase the cost of living. He said that China would ease the economic pressure on charging its economy.

 

"The epidemic situation in Hong Kong has generally remained stable," Chief Executive Kerry Lam said in a separate post on the official website. It has allowed for appropriate action and the resumption of further economic and social activities while maintaining the epidemic. "

 

For the July-September period, Hong Kong's unemployment rate rose to 6.4 percent, a 16-year high, as the service industry was virtually shut down’ due to epidemics. Chen said the city government has released more than HK 300 billion ($ 38.7 billion) in aid this year.


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