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WEDNESDAY, MAY 16, 1990
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 TO CHINA BOTH DOMESTIC EXPORTS AND RE-EXPORTS
INTO THOSE WHICH ARE FOR
-
OUTWARD PROCESSING AND THOSE WHICH ARE NOT.
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 FOURTH QUARTER OF 1989 AND JANUARY
DECEMBER 1989 ARE NOW AVAILABLE.
IN VALUE TERMS, SOME $31,586 MILLION OF THE $53,358 MILLION OF IMPORTS FROM CHINA IN THE FOURTH QUARTER OF 1989 WERE RELATED TO OUTWARD PROCESSING.
ON THE OTHER HAND, SOME $20,272 MILLION OF THE $35,982 MILLION OF TOTAL EXPORTS TO CHINA IN THE FOURTH QUARTER WERE FOR OUTWARD PROCESSING; THE CORRESPONDING FIGURES WERE $8,545 MILLION OUT OF $10,978 MILLION FOR DOMESTIC EXPORTS, AND $11,727 MILLION OUT OF $25,003 MILLION FOR RE-EXPORTS TO CHINA.
DECEMBER
IN JANUARY $195,390 MILLION OF IMPORTS PROCESSING.
1989, SOME
$113,581 MILLION OF THE FROM CHINA WERE RELATED TO OUTWARD
DURING THE SAME PERIOD, SOME $76,868 MILLION OF THE $145,051 MILLION OF TOTAL EXPORTS TO CHINA IN 1989 WERE FOR OUTWARD PROCESSING; THE CORRESPONDING FIGURES WERE $31,962 MILLION OUT OF $42,080 MILLION FOR DOMESTIC EXPORTS, AND $44,906 MILLION OUT OF $102,971 MILLION FOR RE-EXPORTS TO CHINA.
TO CHINA FOR OUTWARD
RAW MATERIALS
FOR THE PURPOSE OF THE SURVEY, EXPORTS PROCESSING REFER TO THE EXPORTING OF
OR SEMI-MANUFACTURERS 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 TO THE IMPORTING OF GOODS FROM CHINA OF WHICH ALL OR PART OF THEIR RAW MATERIALS OR SEMI-MANUFACTURERS 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 TRADE STATISTICS.
/"THE FINDINGS