any,
economic links
In
other
with China following the opening of
the Chinese economy at the end of the 1970s. Previously,
while Hong Kong had itself been a good and expanding market
for Chinese exports and an important source of foreign
exchange for the Chinese economy it had sold little, if
of its own domestic exports to China. This situation
has changed completely in less than a decade.
particular, the growth of the re-export trade has enabled
Hong Kong to resume its traditional role AS an entrepot.
Re-exports had fallen to less than a fifth of Hong Kong's
total exports in 1979 and were still less than 25% in 1978:
by 1988 they accounted for as much as 56% Of total
exports. 80% of this trade involv es re-exports to or from
China. Hong Kong's own domestic exports to China also
increased rapidly (by thirteen times in
in value between 1981
and 1988). As a result, China and Hong Kong are now each
other's largest trading partners.
Τ
Jul 10
3་་ན་
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investment by Hong Kong companies in China. Hong Kong in
by far the largest source of external investment in China,
accounting for about two-thirds of the total. Investment
by Chinese banks and trading entities in Hong Kong is also
large and growing. It has been
*
estimated that in the
1. Hang Thongs }......
114
at least 1.5 to 2 million
i 1'
1.
鲨
/
J
workers
employed directly
1
OK