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