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Mainland slowdown hurts exports

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CHINA'S slowing economy was a factor in Hong Kong's domestic exports which decreased 8.9 per cent for the first two months of the year.

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Re-exports, on the other hand, decelerated to record a growth of 13 per cent, according to official figures.

With the mainland's huge appetite for consumer and capital goods waning, Hong Kong's domestic exports in almost all categories recorded a drop as China's ability tbasis for the month of January and February.

Consumers shopped less to push the volume of footwear down 39.2 per cent while watches and clocks fell 11 per cent.

Textile fabrics fell 6.3 per cent while textile yarn and thread shed 9.7 per cent.

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The continued trend of shifting factories across the border also contributed to the sliding trend of domestic exports.

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