ent remains fairly favourable. However, there are a number of uncertainties, including those stemming from the still high and volatile oil prices, the terrorist attacks in London, the recent strengthening of the US dollar, and the protectionist threats from the US and EU against imports of goods from the Mainland. The latest reform to the Renminbi exchange rate regime is likely to have minimal immediate impact on Hong Kong's external trade, given the small appreciation of the Renminbi. Nevertheless, the move may help reduce trade frictions between the Mainland and its trading partners and hence would benefit Hong Kong's re-export trade.
HK Census & Statistics Department
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