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(ii) As an important international entrepot and linkage
point
and
transhipping goods to the mainland
re-exporting Chinese goods to the world market,
Hong Kong has assumed an even more outstanding
role. According to our data, in 1980 about 50% of
the goods exported from China to Hong Kong was
re-exported to overseas markets; the figure has
increased to 80% in 1990. It is clear that China
not only re-export her products through Hong Kong,
but also import goods from other places in the
world through Hong Kong. The latter accounts for
a very large proportion of import from Hong Kong,
usually at around 70%. The relatively rapid
development in Chinese imports and exports trade
via Hong Kong is an important reason for the rapid
expansion in trade between the two places in
has not only led to a rapid
recent years.
This
growth in Hong Kong entrepot trade, but has also
enhanced the
development of such related services
In fact,
as financial services and shipping.
entrepot trade has now become the only driving
force supporting Hong Kong's trade expansion.
(iii) The
integration of trade and cooperation in
production between China and Hong Kong have
deepened and tightened the economic ties between
the two places. Since the implementation of the
adoption of the open door policy and
reforms,
the