F
18
controls over the importation of consumer items seems
unlikely in the near future. On the other hand, in order
to speed up the modernizations programme, the importation
of technology has been greatly encouraged. China has
announced a plan to import 3,000 advanced technological
items in the period 1986 to 1988. The change in China's
import pattern will have a significant bearing on Hong
Kong's exports to China. In the short term, Hong Kong's exports of consumer items to China will almost inevitably
experience a decline. In the medium to long term, to the extent that the product composition of Hong Kong's exports can be adjusted to serve the development needs of China
and that China is able to relax its restrictions in the
future, there is still room for further growth in Hong Kong's exports to China.
36.
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A statistical appendix on Hong Kong
economic relations is attached.
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China
Economic Analysis Division Economic Services Branch Government Secretariat 27 March 1986
CONFIDENTIAL #3