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the largest source of Hong Kong's imports (37%) and
re-exports (59%).
23.
The
year-on-year growth rate of Hong Kong's
domestic exports to China remained substantial in the third
quarter of 1991, while that of re-exports to China picked
up further. In the first three quarters of 1991, Hong Kong's domestic exports and re-exports to China increased
by 14% and 39% respectively over the same period in 1990.
In the first half of 1991, Hong Kong's domestic exports to
China for satisfying its own demand increased by 23% over
the same period in 1990. Hong Kong's re-exports to China
for this purpose grew even more rapidly, at 32%. This
suggests that the Chinese government has been relaxing its
import control.
In the first half of 1991, Hong Kong's
domestic exports and re-exports to China for outward
processing continued to grow markedly, by 12% and 38%
respectively over the same period in 1990(18).
Domestic Year-on-year
to China in money terms to China
Year-on-year
growth rate in money terms
(%)
exports
growth rate
Re-exports
(HK$Mn)
(%)
(HK$Mn)
1990 Annual
47,470
10
110,908
7
H1
21,328
4
50,212
-4
H2
26,141
15
60,696
19
1991 01
10,247
10
28,842
28
Q2
14,057
17
38,687
Q3 Q1-Q3
14,624
14
38,927
14
41,171 108,701
343
39
47
39
(18)
In the first half of 1991, 57% of Hong Kong's exports to China (77% in respect of domestic exports and 49% in respect
for outward processing.
of
re-exports)
were
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