THURSDAY, FEBRUARY 18, 1993
THIS IS IN LINE WITH THE SUSTAINED INCREASE IN DOMESTIC DEMAND IN CHINA FOR IMPORTED GOODS.
TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND IMPORTANCE OF OUTWARD PROCESSING IN CHINA INITIATED BY HONG KONG FIRMS, THE CENSUS & STATISTICS DEPARTMENT HAS BEEN CONDUCTING A SAMPLE SURVEY AS FROM THE THIRD QUARTER OF 1988 TO DISTINGUISH HONG KONG'S EXPORTS CHINA INTO THOSE WHICH ARE FOR OUTWARD PROCESSING AND THOSE WHICH ARE NOT.
TO
THE SCOPE OF THE SURVEY HAS 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.
STARTING FROM THE FIRST QUARTER OF 1991, THE SCOPE OF THE SURVEY HAS FURTHER BEEN EXTENDED SO AS TO SEGREGATE HONG KONG'S RE- EXPORTS OF CHINA ORIGIN (EXCEPT TO CHINA) WHICH ARE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA AND THOSE WHICH ARE NOT.
THE RESULTS FOR THE THIRD QUARTER AND
JANUARY-SEPTEMBER
1992
ARE NOW AVAILABLE.
IN VALUE TERMS, $37,536 MILLION OF HONG KONG'S TOTAL EXPORTS TO CHINA IN THE THIRD QUARTER OF 1992 WERE FOR OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 20% OVER THE THIRD QUARTER OF 1991.
THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS ΤΟ CHINA FOR OUTWARD PROCESSING GREW BY 10% TO $11,981 MILLION AND BY 26% TO $25,556 MILLION RESPECTIVELY.
OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS FROM CHINA RELATED ΤΟ OUTWARD PROCESSING INCREASED BY 25% TO $67,718 MILLION.
ON THE OTHER HAND, $87,138 MILLION OF HONG KONG'S RE-EXPORTS OF CHINA ORIGIN (EXCEPT TO CHINA) WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA, REPRÉSENTING AN INCREASE OF 37%.
IN JANUARY-SEPTEMBER 1992, $103,398 MILLION OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 25% OVER JANUARY-SEPTEMBER 1991.
THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS ΤΟ CHINA FOR OUTWARD PROCESSING GREW BY 11% TO $32,303 MILLION AND 33% TO $71,094 MILLION RESPECTIVELY.
OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING INCREASED BY 32% TO $181, 110 MILLION.
OUTWARD
ON THE OTHER HAND, $216,844 MILLION OF HONG KONG'S RE-EXPORTS CHINA ORIGIN (EXCEPT TO CHINA) WERE PRODUCED THROUGH PROCESSING IN CHINA, REPRESENTING AN INCREASE OF 42%.
OF
/FOR THE