TABLE I

CONFIDENTIAL

Balance of trade between Hong Kong and China (in US$ Mn):

Annex A

1975.

1976

1977

1978

1979

1980

Total imports

1383

1588

1741

2262

3038

4427

from China

Retained imports

1030

1098

1207

1481.

1906

2740

from China

Re-exports of

353

490

534

781

1132

1687

China origin

Total exports

34

30

45

63

384

1256

to China

Domestic exports

6

5

7

17

121

323

to China

Re-exports

28

25

38

46

263

933

to China

Visible trade

1349

1558

1696

2199

•.2654

3171

deficit

TABLE II

Hong Kong as an entrepot for China:

Hong Kong's re- exports to China

(US$ Mn)

Value of Hong Kong's re-exports of China origin

(US$ Mn)

Re-exports of China origin as a proportion of total re-exports

(%)

1975

1976

2823

353

25.0

25

490

26.9

1977

38

534

25.3

1978

46

781

27.7

1979

263

1132

28.3

1980

933

1687

27.9

CONFIDENTIAL

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