THURSDAY, NOVEMBER 18, 1993
"APPROVAL OF THE NAFTA WILL HAVE
THE GLOBAL ECONOMY.
IMPORTANT
IMPLICATIONS FOR
"WE HOPE THE U.S. WILL NOW REFOCUS ITS ENERGY ON THE URUGUAY ROUND OF MULTILATERAL TRADE NEGOTIATIONS. A COMPLETED URUGUAY ROUND WILL STRENGTHEN THE MULTILATERAL TRADING SYSTEM AND SERVE AS AN ENGINE FOR GROWTH AND JOBS THROUGHOUT THE WORLD."
TRADE FIGURES ON OUTWARD PROCESSING
IN CHINA FOR 2ND QUARTER
*
FOR
IN THE SECOND QUARTER OF THIS YEAR, 48% OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING; THE FIGURE WAS 73% DOMESTIC EXPORTS, AND 43% FOR RE-EXPORTS.
THE OTHER HAND, 74% OF HONG KONG'S IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING, ACCORDING TO STATISTICS RELEASED (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
WERB TODAY
OVER THE SAME PERIOD, 85% OF HONG KONG'S RE-EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA.
THE CORRESPONDING PROPORTIONS IN THE SECOND QUARTER OF 1992 WERE 56% FOR TOTAL EXPORTS TO CHINA, 76% FOR DOMESTIC EXPORTS TO CHINA, 51% FOR RE-EXPORTS TO CHINA, 70% FOR IMPORTS FROM CHINA AND 77% FOR RE-EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA.
ΤΟ
IN THE FIRST HALF OF 1993, 48% OF HONG KONG'S TOTAL EXPORTS CHINA WERE FOR OUTWARD PROCESSING; THE FIGURE WAS 73% FOR DOMESTIC EXPORTS, AND 42% FOR RE-EXPORTS.
ON THE OTHER HAND, 73% OF HONG KONG'S IMPORTS FROM CHINA WERE RELATED TO OUTWARD PROCESSING.
OVER THE SAME PERIOD, 81% OF HONG KONG'S RE-EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA.
THE CORRESPONDING PROPORTIONS IN THE FIRST HALF OF 1992 WERE 54% FOR TOTAL EXPORTS TO CHINA, 74% FOR DOMESTIC EXPORTS TO CHINA, 48% FOR RE-EXPORTS TO CHINA, 71% FOR IMPORTS FROM CHINA AND 77% 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 THE FIRST HALF OF 1993 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