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It is commonly but mistakenly reported that Hong Kong supplies foreign exchange equivalent to 30-40 per cent of China's earnings of foreign exchange and the figure gains currency by repetition. The earnings from Hong Kong are actually a large multiple of such earnings. It seems to be a case of poor expression and what is meant is 30-40 per cent of export earnings.
5 This was formally approved by Beijing in August 1980, and had attracted much Hong Kong capital even before it was announced by Vice-Premier Gu Mu in Tokyo in September 1979. 6 August 1982.
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