Page
CONFIDENTIAL # 3
CRC INF 2/85
(CEC 2/85)
China's recent controls on
its foreign exchange spending and
their implications for the Hong Kong_economy
Contents
Introduction
China's foreign exchange position
in recent years
Depletion of foreign exchange reserve
since September 1984
Control on imports and foreign exchange spending imposed by China in 1985
Implications for the Hong Kong economy
(a) Importance of China as a market
for Hong Kong's domestic exports and re-exports
(b) Effect of China's recent import restrictions on Hong Kong's domestic exports and re-exports to China
Paragraph no.
1
2 - 7
8
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21
22 26
27
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29
30
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36
(c)
Implications for the general
macroeconomic situation in
Hong Kong
37
· 40
Summary and conclusions
ONEIDENT!
41 48
機密