Hong Kong exports slump for first time in six years
(chinadaily.com.cn) Updated: 2016-01-26 20:00Hong Kong's struggling exports sector saw a 1.8 percent drop in trade last year having fallen for eight straight months amid global economic woes, marking its first annual contraction since 2009.
The value of exports fell by 1.8 percent over 2014, compared with a rise of 3.2 percent in 2014. It plunged by 12.6 percent in 2009, in the aftermath of the global financial crisis.
The stagnant whole-year export performance came as no surprise as the city's export value tumbled for eight months on the trot, with monthly losses narrowing to a year-on-year 1.1-percent drop in December.
The SAR's faltering export trade echoed the subdued regional production and trading activities amid sluggish global demand conditions, a government spokesman said.
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