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The scope of the survey has been extended as from the first quarter of 1989 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 to cover Hong Kong's re-exports of China origin to all countries other than China.
The results for the first quarter of 1995 are now available.
In value terms, $47,294 million of Hong Kong's total exports to China in the first quarter of 1995 were for outward processing, representing an increase of 35% over the first quarter of 1994. The value of domestic exports to China for outward processing increased by 10% to $9,045 million while the value of re-exports to China for outward processing grew by 43% to $38,249 million.
Over the same period of comparison, the value of imports from China related to outward processing increased by 21% to $87,734 million. On the other hand, $105,507 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 27%.
For the purpose of the survey, exports (domestic exports and re-exports) to China for outward processing refer to the exportation of raw materials or semi- manufactures from or through Hong Kong to China for processing with a contractual arrangement for subsequent re-importation of the processed goods into Hong Kong.
Imports from China related to outward processing refer to the importation of processed goods from China of which all or part of their raw materials or semi- manufactures have been under contractual arrangement exported from or through Hong Kong to China for processing.
Re-exports of China origin to all countries other than China produced through outward processing in China refer to those re-exports of which all or part of their raw materials or semi-manufactures have been exported from or through Hong Kong to China for processing with a contractual arrangement for subsequent re-importation of the processed goods into Hong Kong.
In interpreting the statistics, it should be noted that the value and proportion of imports from China and re-exports of China origin to all countries other than China involving outward processing in China refer to those of the entire goods instead of just the value added contributed by outward processing in China.