International online report (reporter Liu Zhimin): Qiu Tenghua, director of the commerce and Economic Development Bureau of the Hongkong Special Administrative Region government, met with representatives of the major chamber of Commerce and small and Medium Enterprises 27, to discuss Sino US trade frictions. After meeting with representatives of the industry, Qiu Tenghua said that the SAR government will work together with the industry to cope with the impact of Sino US trade war on Hongkong's economy.
According to the data provided by the statistics office of the Hongkong Special Administrative Region (HKSAR), the value of goods exported in Hongkong fell for ninth consecutive months in July. Qiu Tenghua pointed out at the press conference that Hongkong as an international financial center, the financial system is strong in earthquake resistance, but with the Sino US trade friction warming, coupled with the recent social events in Hongkong, Hongkong's economy has a great downward pressure in the second half of the year. At the same time, he also said that the SAR government will work with the industry to cope with the challenges. "As a very open international city, Hongkong has undertaken many international financial risks. However, Hongkong has a relatively stable system and preparedness measures, especially in terms of finance. But in terms of trade and business environment, indeed, we face a very big challenge. In the peripheral environment, Sino US trade war has indeed had a very negative impact on Hongkong, coupled with the current situation in Hongkong, these are the difficulties we face. So today's discussions with the chamber of commerce are also revolved around the external problems and the problems of Hongkong, how to deploy, how to do some work to deal with.
Wu Hongbin, President of the Chinese Manufacturers Association of Hongkong, also told reporters at the press conference that Hongkong's economy is in a situation of internal and external difficulties. He expects Hongkong society to get out of the predicament as soon as possible and continue to move forward. "Influenced by the escalation of Sino US trade frictions, it is becoming more and more difficult for manufacturers to operate, and it also involves other industries in Hongkong, including large-scale exhibitions, all of which are worried because the main products in the past were manufactured in the mainland of China. The current situation in Hongkong has made many buyers and exhibitors do not come to Hongkong, or make some adjustments to the original plan. The impact of this effect will also be affected by various industries such as hotels, service industries and so on, hoping that this incident can be resolved as soon as possible. "
