Posted on March 15, 2023

As Hong Kong exports have been affected by weak global demand and the Russia-Ukraine conflict, industry representatives and national political advisors from Hong Kong are asking for more supportive policies to help Hong Kong businesses access the mainland market.

In the past, many of the companies engaged in export businesses relied heavily on the US and European markets. But after taking hit from weak demand in their traditional markets, US-China trade disputes, and the global pandemic, there is a growing awareness among Hong Kong businesses that they can no longer rely on a single market.

Hong Kong’s exports dropped 36.7 percent year-on-year in January, the biggest drop in seven decades.

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