$
148
Following the
trend development in trade between
China and Hong Kong last year, both imports and exports
-our
continue to
grow in the course of this year. According to
ministry's statistics, as at 31 July, the value of
Chinese exports to Hong Kong amounted to US$12.05 bn, which
represented an increase of 26.8% over the corresponding
period of the previous
previous year.
From Januarý to May, the
value of Chinese imports from Hong Kong was US$8.18 bn, the
increase over the corresponding period of the previous year
amounted to 28%.
The following new features
concerning
the
development
of trade between China and Hong Kong have
energed in recent year:
(i) The complementary and
-
relationship between
mutually dependent trading
the two places
places has been
further entrenched. This is indicated by the fact
that Hong Kong is not only the largest market for
Chinese exports, imports from Hong Kong (including
Hong Kong's domestic goods and goods transhipped
through Hong
Hong Kong) also assume a ever growing
share and importance in China's total imports and
trade between the two
replaced Japan as the
imports since 1988.
places. Hong Kong has
largest source of China's