A cautious medium-term outlook for Hong Kong exports

Overshadowed mainly by the lingering EU debt crisis, Hong Kong exports have been in the doldrums since entering 2012. The Chinese economy, though remaining the growth pole in the region, is also losing some steam, although US growth is accelerating a tad. Against this backdrop, Hong Kong's total exports are expected to grow by 1% in value in 2012, unchanged from the previous forecast made last December. Renewed downturn of the global economy, a rising tide of protectionism and soaring production costs are evidently the major risks and challenges facing Hong Kong exporters.

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