GF 323
CONFIDENTIAL: 機密
27
1988
(28)
•
Export subsidization by the Chinese
Government and by trading enterprises, and the unofficial depreciation of the Renminbi in both the black and grey markets probably explain much of this phenomenon. However, the prices of goods from China have increased significantly at the retail level , implying that the
(29)
(28) Year-on-year rate of increase in the unit value
indexes of imports from China :
Second half
First half
of 1988
(8)
All imports
1.6
Foodstuffs
3.2
Consumer goods
-0.7
Raw materials and
3.9
semi-manufactures
Fuels
-0.6
Capital goods
4.8
(29)
of 1988
(8)
1.1
1.8
0.3
2.4
-12.5
2.8
Year-on-year rate of increase in :
Consumer price index
for Chinese goods
( * )
CPI (A)*
( % )
Jan Feb
3.7
6.
3
8.0
6.9
Mar
7.8
7.1
Apr
7.3
7.4
May
8.4
7.1
Jun
6.2
6.5
Jul
13.4
8.0
Aug
10.4
7.7
Sep
9.9
8.8
Oct
8.2
7.6
Nov
9.7
8.6
Dec
7.5
7.7
Jan-Dec
8.4
7.5
*
Consumer Price Index (A)
this covers about 50%
of all urban households. Their monthly expenditure range was between HK$2,000 and HK$6,499 in 1984/85.
CONFIDENTIAL
機密