The Hongkong Federation Of Industry Expects That Exports Will Be Poor This Year.
Liu Zhanhao, vice chairman of the Federation of industry, said after attending the event that the local government will be held next year.
Exit
The performance will be worse than this year, but the decline will depend on
European debt
Can the problem be properly solved?
If the European debt problem worsens further, it will drag on the export performance of Hong Kong, or even a big margin.
Decline
However, he has confidence in the future export performance prospects, because the economic performance is in a circular state. When an economy falls into a low valley, it will stabilize at a suitable time or even become strong. Therefore, I believe there will be a recovery in the future.
On the other hand, he acknowledges that there are difficulties in lending to member companies and appeals to members to adopt a more conservative strategy to increase revenue and reduce expenditure so as to maintain a healthy financial position. He added that this year's Christmas consumption performance is ideal, mainly due to the increase of local welfare and free travellers. Taking the clock business as an example, the sales increased by more than 20% over the same period of the year.
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