19.12.2019, 07:55
Media: Volume of Exports from Hong Kong to US Against the Backdrop of Trade War Fell by 13.2%
Source: OREANDA-NEWS
OREANDA-NEWS. The volume of exports from Hong Kong to the United States in the first 10 months of 2019 decreased by 13.2% in annual terms, amounting to 258 billion Hong Kong dollars ($ 33 billion). This was reported on Thursday by the South China Morning Post, citing data from the Hong Kong Trade Development Council.
Experts note that the further situation does not inspire much optimism. "There is still uncertainty, despite the news that a trade agreement between the US and China may be signed in the near future. But this is only the first phase of the transaction. Frictions will not end there, because we all know that they are more connected with politics than trade, ”said TDC Research Director Nicholas Kwan.
The trade war between the United States and China continues to affect the deterioration of Hong Kong's foreign trade performance. In October, exports of goods from this special administrative region of China decreased by 9.2% year on year - to $ 44.52 billion.
Experts note that the further situation does not inspire much optimism. "There is still uncertainty, despite the news that a trade agreement between the US and China may be signed in the near future. But this is only the first phase of the transaction. Frictions will not end there, because we all know that they are more connected with politics than trade, ”said TDC Research Director Nicholas Kwan.
The trade war between the United States and China continues to affect the deterioration of Hong Kong's foreign trade performance. In October, exports of goods from this special administrative region of China decreased by 9.2% year on year - to $ 44.52 billion.
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