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Mainland China/Hong Kong

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The General Administration of Customs of China announced that China's import and export value totaled US$834.49 billion, increased by 41.2% year-on-year in January and February 2021. Export value increased by 60.6% year-on-year to US$468.87 billion while import value was US$365.62 billion, increased 22.2% year-on-year in January and February 2021.
Census and Statistics Department released that the value of Hong Kong total exports of goods increased by 44.0% in January 2021 over a year earlier to HK$388.0 billion. A Government spokesman said that the value of merchandise exports registered a substantial increase in January 2021 against the low base of comparison a year earlier. While this suggests that the stronger growth momentum that started in the latter part of last year has continued in January, the figure is partly distorted by the difference in timing of the Lunar New Year, which fell in mid-February this year but in late January last year. A clearer picture of the underlying situation can thus be ascertained by analysing the trade figures for January and February combined when available. Looking ahead, the Mainland economy is expected to grow strongly, while import demand of the advanced markets should recover further if their epidemic situation gradually stabilises. These developments will bode well for Hong Kong's exports of goods in the near term. Yet, the evolving China-US relations and geopolitical tensions continue to warrant attention.
According to the National Bureau of Statistics of China, the consumer price index (CPI) was down by 0.3% year-on-year in January 2021. Compared to December 2020, the index rose by 1.0 % in January 2021.
Census and Statistics Department released that the value of Hong Kong total exports of goods increased by 11.7% in December 2020 over a year earlier to HK$ 392.2 billion. A Government spokesman said that the value of merchandise exports posted a double-digit growth in December 2020 over a year earlier, as import demand in many major markets revived further. Exports to the Mainland accelerated notably, and those to the US and the EU also saw faster growth. Exports to many other major Asian markets showed improvement of varying degrees. Yet dragged by the weak export performance in the first half of the year, the value of merchandise exports fell further by 1.5% for 2020 as a whole. Looking ahead, while the Mainland economy is expected to strengthen further and render support to Hong Kong's exports, the prospects of other major markets will depend on how the pandemic situation evolves. Evolving China-US relations under the new US administration, persistent geopolitical tensions and post-Brexit developments also warrant attention.
The National Bureau of Statistics of China announced that China's economy rose by 6.5% year on year in Q4 2020, and increased by 2.6% on quarterly basis.
According to The National Bureau of Statistics of China, China’s retail sales of consumer goods increased by 4.6% year-on-year in December 2020.
The General Administration of Customs of China announced that China's import and export value totaled US$485.68 billion, increased by 12.9% year-on-year in December 2020. Export value increased by 18.1% year-on-year to US$281.93 billion while import value was US$203.75 billion, increased 6.5% year-on-year in December 2020.
According to the National Bureau of Statistics of China, the consumer price index (CPI) was up by 0.2% year-on-year in December 2020. Compared to November 2020, the index rose by 0.7% in December 2020.
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