THURSDAY, FEBRUARY 17, 1994
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STATISTICS ON TRADE INVOLVING OUTWARD PROCESSING IN CHINA, THIRD QUARTER 1993
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IN THE THIRD QUARTER OF 1993, 47% OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING; THE FIGURE WAS 73% FOR DOMESTIC EXPORTS, AND 41% FOR RE-EXPORTS.
ON THE OTHER HAND, 73% OF HONG KONG'S IMPORTS FROM CHINA WERE RELATED TO OUTWARD PROCESSING.
THESE ARE STATISTICS RELEASED TODAY (THURSDAY) AND STATISTICS DEPARTMENT.
BY THE CENSUS
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 THIRD QUARTER OF 1992 KERE 54% FOR TOTAL EXPORTS TO CHINA, 76% FOR DOMESTIC EXPORTS TO CHINA, 48% FOR RE-EXPORTS TO CHINA, 71% FOR IMPORTS FROM CHINA AND 81% FOR RE- EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA,
IN JANUARY-SEPTEMBER 1993, 48% OF HONG KONG'S TOTAL EXPORTS TO 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 JANUARY-SEPTEMBER 1992 WERE 54% FOR TOTAL EXPORTS TO CHINA, 75% FOR DOMESTIC EXPORTS TO CHINA, 48% FOR RE-EXPORTS TO CHINA, 71% FOR IMPORTS FROM CHINA AND 79% 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 JANUARY-SEPTEMBER 1993 REFLECT THAT HONG KONG'S EXPORTS FOR MEETING DOMESTIC DEMAND IN CHINA, VIZ. EXPORTS ΤΟ CHINA NOT DESTINED FOR OUTWARD PROCESSING, INCREASED AT A FASTER PACE THAN OUTWARD PROCESSING TRADE DURING THE PERIOD.
A SPOKESMAN FOR THE CENSUS AND STATISTICS DEPARTMENT SAID THIS WAS IN LINE WITH THE SUSTAINED INCREASE IN DOMESTIC DEMAND IN CHINA FOR IMPORTED GOODS.
IMPORTANCE
TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND OF OUTWARD PROCESSING IN CHINA INITIATED BY HONG KONG FIRMS, THE CENSUS AND STATISTICS DEPARTMENT HAS BEEN CONDUCTING A SAMPLE AS FROM THE THIRD QUARTER OF 1988 TO DISTINGUISH HONG KONG'S TO CHINA INTO THOSE WHICH ARE FOR OUTWARD PROCESSING AND THOSE ARE NOT.
SURVEY EXPORTS WHICH
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.
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