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THURSDAY, MAY 20, 1993
THE CORRESPONDING PROPORTIONS IN 1991 WERE 55% FOR TOTAL EXPORTS ΤΟ CHINA, 77% FOR DOMESTIC EXPORTS TO CHINA, 48% FOR RE- EXPORTS TO CHINA, 68% FOR IMPORTS FROM CHINA AND 74% FOR RE-EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA.
THE DECREASES IN THE PROPORTION OF EXPORTS TO CHINA FOR OUTWARD PROCESSING AS RECORDED IN 1992 REFLECT THAT HONG KONG'S EXPORTS FOR MEETING DOMESTIC DEMAND IN CHINA, VIZ. EXPORTS TO CHINA NOT DESTINED FOR OUTWARD PROCESSING, INCREASED AT A FASTER PACE THAN OUTWARD PROCESSING TRADE DURING THE PERIOD.
THIS IS IN LINE WITH THE SUSTAINED INCREASE IN DOMESTIC IN CHINA FOR IMPORTED GOODS.
OF
DEMAND
TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND IMPORTANCE OUTWARD PROCESSING IN CHINA INITIATED 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 INTO THOSE WHICH ARE FOR OUTWARD PROCESSING AND THOSE WHICH ARE NOT.
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 TO ALL COUNTRIES OTHER THAN CHINA WHICH ARE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA AND THOSE WHICH ARE NOT.
THE RESULTS FOR THE FOURTH QUARTER AND THE WHOLE YEAR OF 1992 ARE NOW AVAILABLE.
IN VALUE TERMS, $38,241 MILLION OF HONG KONG'S TOTAL EXPORTS TO CHINA IN THE FOURTH QUARTER OF 1992 WERE FOR OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 22% OVER THE FOURTH QUARTER OF 1991.
THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS ΤΟ CHINA FOR OUTWARD PROCESSING GREW BY 7% TO $11,968 MILLION AND BY 31% TO $26,)
273 MILLION RESPECTIVELY.
OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING INCREASED BY 21% TO $72,904 MILLION.
ON THE OTHER HAND, $82,989 MILLION OF HONG KONG'S RE-EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA, REPRESENTING AN INCREASE OF 21%.
IN 1992, $141,639 MILLION OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 24% OVER 1991.
THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS TO CHINA FOR OUTWARD PROCESSING GREW BY 10% TO $44,271 MILLION AND 32% TO $97,368 MILLION RESPECTIVELY.
OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING INCREASED BY 29% ΤΟ $254,013 MILLION.
/ON THE