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Written by: Hu Jiaxin
2020-08-12 11:44
Last update date: 2020-08-12 11:44The U.S. Customs and Border Protection Agency issued a Federal Register yesterday, stipulating that from September 25th, the origin of Hong Kong exports to the United States can no longer be marked as "Hong Kong" but must be marked as "China." Wu Hongbin, chairman of the Chinese Manufacturers’ Association, said in an interview with the commercial channel program "Starting on a Sunny Day" this morning that Hong Kong’s exports now account for more than Hong Kong’s total exports, and the overall total is only more than 3 billion yuan, mainly involving jewelry, food, health products, etc. The US measures The overall impact on Hong Kong is not significant. Wu believes that "Made in China" has greatly improved its international status in recent years, but admits that the Hong Kong brand has been appreciated globally and has always been precious. Even if the price is high, it is still accepted by the market and has its value.
Wu Hongbin, chairman of the Chinese Manufacturers Association, said in a commercial TV program this morning that Hong Kong’s exports now account for more than Hong Kong’s total exports, and the overall total only involves more than 3 billion yuan. He believes that the US export restrictions have little effect on Hong Kong. (Information Picture / Photo by Huang Shuhui)
Wu Hongbin said on the program that the latest export restrictions imposed by the United States on Hong Kong this time reflect once again the Sino-US trade friction, which has become a wrestling between the two countries and is not optimistic about the future development. However, he pointed out that it is not pessimistic about the prospects. The Sino-U.S. incident will make the world aware of Hong Kong. "No one in the world knows about Hong Kong in Yijia." He continued that business depends on the United States. "It's important for ten or eight years. Has fallen." On the contrary, there are more markets in the Mainland. With the support of Hong Kong in the Mainland, it is not too worried.
Liang Lihui, CEO of the local start-up company "Bei Ling Technology", which develops and monitors sleep apnoea ring, said that US exports currently account for 50% of the overall business. Although the US requires Hong Kong products to be marked for arrival in Hong Kong, medical products must still be filled in Hong Kong in regulations. The address can still be recognized. She pointed out that her company's ring was originally manufactured in the Mainland, but when participating in medical exhibitions in other places, many buyers believed that "Made in Hong Kong" would be more confident, so they moved to Hong Kong.
She believes that medical products are a matter of life and death, and buyers pay more attention to quality control and personal information, and they have more confidence in Hong Kong products in this regard. She pointed out that she is currently negotiating with Hong Kong businessmen who have different production lines in the Mainland or other regions. They plan to target different countries and produce products in different places. For example, they can be exported to the United States and can be made in Taiwan or Vietnam; if they are exported to Malaysia, they can be made in Hong Kong.
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