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A person clear indication from the general amount of caution recorded for 4Q24 is usually that exporters could attempt to hedge their bets in 2025 by accelerating their shipping and delivery schedules to mitigate the doable outcomes of additional tariffs later during the yr.
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In combination with the final assumption amongst Hong Kong exporters that any knock-on outcomes may well only be minimal, nonetheless, You will also find indicators that Mainland China’s General level of trade hasn't been unduly constricted by preceding tariff arrangements. Certainly, even though two-thirds of Mainland Chinese exports on the US are matter to tariffs considering the fact that 2018, Mainland China’s global export share has really risen from 12.
If this happens, it is commonly expected that world wide trade flows will likely be adversely affected, while the process of trade diversion will likely be inevitably accelerated. In any this kind of situation, Hong Kong could moderately expect its personal export activity to be impacted.
The program also located that visitors to the city in December most enjoyed the society and landscape but have been unhappy Along with the foodstuff and local climate.
Hong Kong is taking the flexibility options for periodicity and timeliness. The indices are disseminated on the quarterly basis inside three months of the end of the reference quarter.
Mr Yeung reported that Besides the integrated progress of tradition, sporting activities and tourism, the Society, Sports activities and Tourism Bureau (CSTB) is also dedicated to marketing the development of industries in these a few spots via mega situations and helping in driving a diversified financial system. The CSTB aims to showcase Hong Kong's delicate electricity as well as allure of Hong Kong as a world metropolis to the world.
Hong Kong's economic outlook is a cloudy just one, Whilst we may perhaps see the Sunlight peeking through Occasionally. Lessen interest premiums may perhaps spur lending, while strong external demand from customers could gas progress in equipment and electronics exports.
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Even though the underlying pattern remains optimistic, the 2025 Export Outlook also highlighted quite a few possible problems which will affect Hong Kong’s export exercise above the 12 months to return.
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