Financial News
Written by: Kwong Yueting
2020-11-12 18:03
Last update date: 2020-11-12 18:03
The new crown pneumonia epidemic has ravaged the world and hit the global supply chain. Vice President Zhou Qiliang said that the bureau predicts that Hong Kong’s exports will be reduced by 10% this year. However, trade activities increased significantly in the third quarter, causing exports to fall by only 4% in the first nine months. , The value of exports in September increased by 9.1% year-on-year. It is believed that the export performance for the whole year will be better than expected, but there is no plan to adjust the forecast for the time being.
Due to the rise of the housing economy, there is greater demand for smart home products, and manufacturers in the electronics and toy industries have greater confidence in the market prospects.
He continued that China is the only economy in the world that is expected to maintain positive economic growth this year. Together with the domestic and international dual-cycle development strategy, it is expected to drive more consumer demand.
As the most important exhibition procurement hub in Asia, Hong Kong can assist mainland enterprises in introducing brands and products from Hong Kong and around the world.
Zhou Qiliang pointed out that the TDC will continue to enhance various online services to help Hong Kong companies seize digital opportunities.
(Photo provided by TDC)
At present, TDC’s exhibitions have to be transferred to the online position. Zhou Qiliang said that there are dangers in the epidemic. Although buyers cannot face-to-face communication with sellers and see live product demonstrations during online exhibitions, online exhibitions are not restricted to national borders. It can help sellers open up the market and get in touch with new buyers. I believe that after the TDC resumes its physical exhibitions, it will also hold online and offline exhibitions in parallel.
The TDC will hold the Autumn Purchasing Exchange | Online Fair from 16 to 27 this month. The exhibition provides a one-stop online sourcing platform and uses a variety of new technologies such as artificial intelligence and machine learning to provide buyers and sellers with more suitable products And business matching suggestions, attracted 2,600 exhibitors from 33 countries to participate.
Hong Kong's third quarter export index increased by 6.9 points
Survey: Greater Bay Area Enterprises Return to Optimistic Range for New Order Index in the Third Quarter
Trade Development Bureau Import and Export Data