Hong Kong companies have been urged to seek alternative manufacturing bases. Photo: Roy Issa
Hong Kong companies have been urged to seek alternative manufacturing bases. Photo: Roy Issa

Hong Kong exports to shrink 2 per cent in 2020, in second straight year of contraction, Trade Development Council forecasts

  • Trade Development Council blames declines on a bleak global economic outlook
  • In terms of total exports, the US market was the worst hit in the first 10 months of 2019, falling 13.2 per cent year on year

Hong Kong companies have been urged to seek alternative manufacturing bases. Photo: Roy Issa
Hong Kong companies have been urged to seek alternative manufacturing bases. Photo: Roy Issa
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