HONG KONG: A HARD-EARNED SUCCESS

Growth trends of domestic exports and re-exports

Index (1974 = 100)

11000

10000

9000

In the past 28 years, the growth rate in real terms of re-exports was much faster than that of domestic exports.

8000

In 1994, the value of re-exports amounted to HK$948 billion (US$123 billion), and the value of domestic exports to HK$222 billion (US$29 billion).

7000

6000

5000

4000

3000

2000

1000

5

Re-exports in real terms

Domestic exports

in real terms

66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

Year

Hang Seng Index and stock exchange turnover

Hang Seng Index

(Average covering the Index on the last trading day of each month in the year. Index for 31.7.64 = 100)

10000

Annual stock exchange turnover

(HK$ billion)

1400

8000

1200

8000

Over the past 28 years, the Hang Seng Index rose by 114 times whilst the stock exchange turnover was higher by about 3250 times.

Stock exchange

turnover

1000

7000

6000

5000

4000

3000

2000

1000

Hang Seng Index

66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

800

600

400

200

23

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