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Hong Kong’s Exports Unexpectedly Grow as China Demand Improves
Hong Kong’s exports rose last month for the first time in more than a year as trade with mainland China improved, providing some optimism for the financial hub’s economic outlook. Overseas shipments grew 1.4% in October from a year earlier to HK$379.9 billion ($48.8 billion), the Census and Statistics Department said Monday. That was better than the median estimate of a 2.9% drop in a Bloomberg survey of economists, and marked the first month of growth for exports since April 2022. Imports grew 2.6% from a year earlier to HK$405.6 billion, roughly in line with economists’ estimates. It was the first gain since ... (full story)