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Annex E
(translation)
Trade Relation between the Mainland and Hong Kong
Present Situation and Future Prospects
1. Present Trading Situation
The trading relationship between the mainland and
Hong Kong has hitherto been close. In particular, with the
continuous entrenchment of reform and the open policy in
the mainland ́and the sustained growth in world economy
since the 80s, trade between the mainland and Hong Kong has
been developing rapidly. Chinese exports to Hong Kong
(including goods re-exported through Hong Kong) have been
increasing rapidly at annual double-digit growth rates.
According to MOFERT's
exports to Hong Kong
1990, this amount has
The absolute increase
statistic, the value of Chinese
amounted to US$4.35 bn in 1980. In
increased 4 times to US$17.93 bn.
was more than US$13 bn, which
have also
accounted for more than one-third of the total exports of
the whole country. Meanwhile, imports from
from Hong Kong
(including goods transhipped from Hong Kong)
increased substantially. In 1980, import value was US$570
million, the figure rose to US$7.49 bn in 1990, which
represented an increase of US$6.92 bn and was more than 13
times the figure for 1980. Hong Kong ranks first among all
the regions/countries supplying imports to China. Hong
Kong has been China's largest trading partner since 1987 ·
and according to Hong Kong statistics, mainland China has
been Hong Kong's largest trading partner since 1985.