Hong Kong monitoring trade warBusiness | Gary Poon 5 Nov 2018
The Secretary for Commerce and Economic Development Edward Yau Tang-wah said Hong Kong is closely monitoring developments in the Sino-US trade war.
He revealed out that almost 15 percent of China's imported goods came through Hong Kong and the number of applications for the government's small and medium-sized enterprises funding scheme increased in August. These two statistics showed that Hong Kong enterprises have much scope for growth in the mainland as China is still willing to open its "trading doors" to them amid the on-going trade war, he said.
Yau said that "external trading" would be the main theme of the Hong Kong Exhibition Center at the China International Import Expo, which opens in Shanghai today, and that he will meet officials from different countries at the fair to seek cooperation opportunities.
He also urged the tourism industry to seize opportunities arising from the opening of the Hong Kong-Zhuhai-Macao Bridge and the Guangzhou-Shenzhen-Hong Kong express rail link.