CONFIDENTIAL
19
products.
(8)
Thus Hong Kong's re-exports of China origin have grown rapidly in 1986 and in the first half of
1987
Through providing efficient entrepôt services, Hong Kong can continue to help China in promoting its exports and improving its external sector balance.
34.
As China's foreign exchange controls continue, the Hong Kong dollars circulating in China are likely to continue to command a premium in the black market over the official exchange rate of the Renminbi. The widespread circulation of Hong Kong dollars in China, particularly in the Pearl River Delta region, is a reflection of their acceptability and purchasing power beyond Hong Kong.
(8)
Hong Kong's re-exports
of China origin
Year-on-year Growth rate #
1985 Q1
7,464
19
Q2
8,281
17
Q3
9,069
24
Q4
9,815
31
Annual
34,628
23
1986 Q1
9,489
27
Q2
11,778
42
Q3
14,143
56
Q4
16,188
65
Annual
51,597
49
1987 Q1
16,499
74
Q2
# in money terms
20,026
70
G.F. 326
CONFIDENTIAL # *