GF 323
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17
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24.
Statistics on Hong Kong's imports,
retained
imports and re-exports of China origin are given below:
Year-on- Imports
year
growth rate in
of China origin retained in Hong
Year-on-
year growth rate in
Re-exports
of China
Year-on-
year growth rate in
Imports
of China
money
origin
terms
Kong*
money terms
origin
money terms
(HK$Mn)
(%)
(HK$Mn)
(%)
(HK$Mn)
(%)
1990 Annual 229,992
21
19,105
-20
240,410
28
H1
100,529
16
10,710
-22
102,393
25
H2
129,463
24
8,395
-17
138,017
30
1991 Q1
55,552
24
4,839
5
60,086
31
Q2
70,216
26
7,965
30
73,757
Q3
77,592
26
2,947
-8
88,441
Q1-Q3
203,359
25
15,751
13
222,285
31
F833
30
*
For analytical purposes, а re-export margin is adopted in deriving the values and growth rates of retained imports. This margin tends to vary amongst commodities and between different
periods.
25.
On top of the high level recorded in 1990, the
value of Hong Kong's re-exports of China origin showed a
further substantial increase, by 31% in the first three
quarters of 1991 over the same period last year. During
the first three quarters of 1991, over 90% of Hong Kong's
imports of China origin were subsequently re-exported. The
continued rapid growth in re-exports of China origin was
largely due to the expansion of outward processing
activities, apart from the efforts spent by the government
in promoting China's own exports. Feedback from Hong Kong
manufacturers reveals that nearly all of those who are
outward processing arrangements prefer to have
products returned to Hong Kong and then
as re-exports, rather than shipping the goods
engaged in
the finished
shipped out
out directly
from China. Inadequate port facilities and
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