Hong Kong’s gloomy outlook for exports

Hong Kong’s Trade Development Council has lowered its forecast for the city’s export growth this year from 5% to 2%, citing the China-US trade war having had a strong impact already.

Confidence is falling among the TDC’s members, apparently, with 54.7% of interviewed exporters worried that the trade war would hurt their business; 41.3% said they had already seen orders drop.

More than 50% of exporters are seeking new markets outside the US.

Read more in Chinese.