TUESDAY, FEBRUARY 6, 1990
12
HK'S TRADE WITH CHINA OF OUTWARD PROCESSING NATURE
IN THE THIRD QUARTER OF 1989, SOME 58 PER CENT OF HONG KONG'S IMPORTS FROM CHINA WERE RELATED TO OUTWARD PROCESSING.
ON THE OTHER HAND, SOME 56 PER CENT OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING; THE FIGURE WAS 77 PER CENT FOR DOMESTIC EXPORTS, AND 46 PER CENT FOR RE-EXPORTS TO CHINA.
TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND IMPORTANCE OF OUTWARD PROCESSING IN CHINA BY HONG KONG FIRMS, THE CENSUS AND STATISTICS DEPARTMENT HAS BEEN CONDUCTING A SAMPLE SURVEY AS FROM THE THIRD QUARTER OF 1988 TO DISTINGUISH HONG KONG'S EXPORTS то CHINA BOTH DOMESTIC EXPORTS AND RE-EXPORTS
INTO THOSE WHICH OUTWARD PROCESSING AND THOSE WHICH ARE NOT.
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ARE FOR
THE SCOPE OF THE SURVEY HAS ALSO BEEN EXTENDED AS FROM THE FIRST QUARTER OF 1989 SO AS TO SEGREGATE HONG KONG'S IMPORTS FROM CHINA INTO THOSE WHICH ARE RELATED TO OUTWARD PROCESSING AND THOSE WHICH ARE NOT. THE RESULTS FOR THE THIRD QUARTER OF 1989 ARE NOW AVAILABLE.
IN VALUE TERMS, SOME $30,773 MILLION OF THE $53,241 MILLION OF IMPORTS FROM CHINA IN THE THIRD QUARTER OF 1989 WERE RELATED TO OUTWARD PROCESSING.
ON THE OTHER HAND, SOME $20,447 MILLION OF THE $36,759 MILLION OF TOTAL EXPORTS TO CHINA IN THE THIRD QUARTER WERE FOR OUTWARD PROCESSING; THE CORRESPONDING FIGURES WERE $8,573 MILLION OUT OF $11,101 MILLION FOR DOMESTIC EXPORTS, AND $11,874 MILLION OUT OF $25,658 MILLION FOR RE-EXPORTS TO CHINA.
FOR THE PURPOSE OF THE SURVEY, EXPORTS ΤΟ CHINA FOR OUTWARD PROCESSING REFER TO THE EXPORTING OF RAW MATERIALS OR SEMI-MANUFACTURES FROM HONG KONG TO CHINA FOR PROCESSING, WITH THE RESULTING PROCESSED GOODS BEING SUBSEQUENTLY RE-IMPORTED INTO HONG KONG; WHILE IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING REFER то THE IMPORTING OF GOODS FROM CHINA OF WHICH ALL OR PART OF THEIR RAW MATERIALS OR SEMI-MANUFACTURES ARE UNDER CONTRACTUAL ARRANGEMENT
EXPORTED FROM OR THROUGH HONG KONG TO CHINA FOR PROCESSING.
A SAMPLE OF TRADE DECLARATIONS IN RESPECT OF HONG KONG'S TRADE WITH CHINA (IMPORTS, DOMESTIC EXPORTS AND RE-EXPORTS) ARE SELECTED FOR ENUMERATION TO OBTAIN THE REQUIRED INFORMATION FROM
ESTABLISHMENTS.
A SPOKESMAN FOR THE CENSUS AND STATISTICS DEPARTMENT EXPLAINED THAT UNDER THE INTERNATIONALLY ACCEPTED SYSTEM OF RECORDING TRADE FLOWS, ALL MOVEMENTS OF GOODS ACROSS THE BORDER, FOR WHATEVER PURPOSE, ARE RECORDED AS EXTERNAL TRADE. THUS THE MOVEMENTS OF GOODS ASSOCIATED WITH OUTWARD PROCESSING ARE CORRECTLY INCLUDED IN THE REGULAR
STATISTICS.
TRADE
/"THE FINDINGS