Attachment B
Hong Kong's importance as a foreign exchange earner of China
US$Mn
1978
1979
1980
1981 1
1982
1983
1984
I
China's total merchandise exports
China total service receipts **
9,750
13,660
18,270
20,890 121,125
20,707
23,905
1,200
1,900
2,800
3,400
4,090
4,539
5,261
(a) China's gross foreign exchange earning (excluding loans & capital flows)
10,950
15,560
21,070
24,290
25,215
25,246
29,166
China's merchandise exports to Hong Kong
2,252
3,024
4,411
5,276
5,424
5,888
7,131
Expenditure by HK residents in China
144
299
449
512
516
600
797
Remittances, etc.
520
642
827
887
923
860.
958
Investment profits of China corporation in HK 323
413
569
610
635
591
659
į
(b) China's gross foreign exchange earnings
from Hong Kong
3,239
4,378
6,256
7,285
1 7,498
7,939
9,545
Less merchandise imported from Hong Kong
63
384
1,256
1,961
1,943
2,531
5,033
net importation of services (other than travel & tourism) from Hong Kong
29
60
90
102
103
120
159
1
(c)
China's net foreign exchange earnings from Hong Kong
3,147
3,934
4,910
5,222
5,452
5,288
4,353
(b) as % of (a)
(c) as % of (a)
30
28
30
30
30
31
33
29
25
23
21
22
21
15
Source :
* China's Ministry of Foreign Economic Relations and Trade ** Jetro's China Newsletter No. 49 March
April 1984
}
from 1978 to 1981
Jetro's China Newsletter No. 57 July Aug 1985
Extracted from balance of payments statistics released by the People's Bank of China