August 1995 issue of Hong Kong Monthly Digest of Statistics
Two feature articles entitled "Trading Firms with Manufacturing-related Functions" and "Review of Transhipment Business in Hong Kong (1983-1994)" are published in the August 1995 issue of the Hong Kong Monthly Digest of Statistics.
Driven by China's open economic policies together with low labour and land costs there, local manufacturers have been relocating their manufacturing processes rapidly across the border through sub-contract processing arrangement in China (SPAC).
In some cases, essentially all manufacturing processes in a factory are moved to China and the local firm has shifted its operational status from that of manufacturing to that of trading. Besides, many traditional import/export firms have also become engaged in SPAC to take advantage of cheap, abundant resources in China.
There are views that manufacturing firms and trading firms with manufacturing-related functions should be considered similar for certain analytical purposes. The article "Trading Firms with Manufacturing-related Functions" discusses the above development.
Transhipment activities play a significant role in the port of Hong Kong. In 1994, transhipment cargo accounts for around one-quarter of the total ocean cargo handled by the port of Hong Kong. The article "Review of Transhipment Business in Hong Kong (1983-1994)" looks at the development of the transhipment business during the past decade.
The August 1995 issue of the Hong Kong Monthly Digest of Statistics is on sale at $50 a copy.
It contains all information about Hong Kong's latest situation regarding economic growth, the labour market, inflation and many other social and economic issues that have important impact on business and everyday life.
Purchase of this publication can be made at the Government Publication Centre, ground floor, Low Block, Queensway Government Offices, 66 Queensway, Hong Kong.