CONFIDENTIAL #
18
Hong Kong's re-exports of China origin is related to China's efforts in promoting its exports and the generally
stable export prices of Chinese products. After allowing
for a re-export margin of 15%, about 76% of the imports of China origin in 1988 were subsequently re-exported, with re-exports of China origin accounting for 48% of Hong Kong's total re-exports. The corresponding share in 1987
was 46%.
Imports of China origin* (HK$ Mn)
year
Hong Kong
Imports
Year-on- retained in Year-on-
Re-exports
year
growth
of China
growth
of China
Year-on-
year growth
rate #
origin**
rate #
( 8 )
(HK$ Mn)
(%)
origin (HK$ Mn)
rate #
( % )
1987 Q1
22,803
53
8,456
28
16,499
74
Q2 28,563
48
11,149
23
20,026
70
Q3
30,510
44
10,148
13
23,417
66
Q4
33,346
36
12,195
16
24,323
50
Annual 115,222
44
41,947
19
84,266
63
1988 Q1 28,904
27
7,513
-11
24,600
49
Q2
36,432
28
10,149
-9
30,226
51
Q3 40,799
34
8,829
-13
36,765
57
Q4 45,346
36
10,621
-13
39,934
64
Annual 151,481
31
37,111
-12
131,525
56
#
In money terms
*
**
This is slightly smaller than imports from China as some imports from China are not of China origin.
For analytical purposes, a re-export margin of 15% has been assumed in deriving the estimates and growth rates of retained imports (footnote (23)).
GF 323
CONFIDENTIAL
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