VISIT BY MR PETER BLAKER MP TO HONG KONG: 23-25 SEPTEMBER 1979
BRI NO.
HK9
Area:
Population:
HONG KONG: BASIC FACTS
(1978 figures except where indicated)
404 square miles
Approximately 4.9 million
98% of Chinese stock
2% expatriates and others
Per Capita GDP:
£1,257
Rate of Inflation:
6%
BUDGET
Government revenue in 1978/79 (estimated):
Income Tax
Profits Tax
15%
(maximum)
16% (maximum)
£1,027 million
Government expenditure in 1978/79 (estimated):
46%
19% =
19%
4%
£909 million
social services, including education
police, defence, administration etc.
transport, water supplies, amenities
airport, harbour, external communications
12%
miscellaneous
TRADE
Total Domestic Exports:
£4,285 million: up 16.3% on 1977
(textiles and clothing: 45%)
Exports to UK:
£530 million
(textiles and clothing: 57.5%) (cameras, watches etc: 6.3%) (radios, TV's etc:
4.7%)
Exports to UK
(January-July 1979):
£376 million:
up 26.0% on January-July 1978
Imports from UK:
£362 million
(machinery and trans-
port equipment: (manufactured goods:
38.1%)
26.1%)
Present exchange rate: approximately £1 = HK$11.00
/Imports