XN000022-1988-08-10 — Page 6

WEDNESDAY, AUGUST 10, 1988

5

HONG KONG IS NOW THE WORLD'S NUMBER ONE EXPORTER

OF

ITS LARGEST OVERSEAS MARKET IS THE UNITED STATES, WHICH TAKES CENT OF THE TOTAL CLOTHING EXPORTS.

IN 1987, THE VALUE OF DOMESTIC EXPORTS FOR ACCOUNTING MARKETS WAS $65,321 MILLION, KONG'S TOTAL DOMESTIC EXPORTS FOR THE YEAR.

CLOTHING.

49 PER

OF CLOTHING ΤΟ WORLD

CENT 32 PER

OF HONG

REVISED ESTIMATES OF GDP FOR 1986, 1987

DETAILS OF THE REVISED

OF ESTIMATES

GROSS DOMESTIC PRODUCT THE CENSUS AND STATISTICS (GDP) FOR 1986 AND 1987 WERE RELEASED BY DEPARTMENT TODAY (WEDNESDAY).

DETAILED FIGURES ARE GIVEN IN THE ACCOMPANYING TABLES 1 AND 2.

TWO TABLES

REVISED EXPENDITURE-BASED GDP ESTIMATES FOR 1986 AND 1987

(TABLE 1)

GROWTH RATE IN REAL PER CENT, WHICH PER CENT RELEASED

THE REVISED PRELIMINARY ESTIMATE OF THE TERMS OF THE EXPENDITURE-BASED GDP FOR 1987 IS 13.5 IS VERY CLOSE TO THE PRELIMINARY ESTIMATE OF 13.6 IN FEBRUARY 1988.

MADE TO THE

ESTIMATE OF THE GROWTI RATE IN HAS BKEN REVISED EXPENDITURE

WITH THE PREVIOUSLY COMPARED

A SIGNIFICANT UPWARD REVISION HAS BEEN FOR CHANGES IN STOCKS, WHEREAS THE ESTIMATE REAL TERMS OF PRIVATE CONSUMPTION SLIGHTLY UPWARDS TO PUBLISHED GROWTH RATE OF 10.8 PER CENT.

11.1

PER

CENT,

MINOR DOWNWARD REVISIONS HAVE ALSO BEEN MADE TO THE

COMPONENTS.

OTHER GDP

GROWTH RATF IN REAL PER CENT, WELICH OF 11.2 PER

THE REVISED PROVISIONAL ESTIMATE OF THE TERMS OF THE EXPENDITURE-BASED GDP FOR 1986 IS 11.8 HAS BEEN ADJUSTED UPWARDS FROM THE PROVISIONAL ESTIMATE CENT PUBLISHED IN FEBRUARY 1988.

FOR

SIGNIFICANT UPWARD REVISION HAS BEEN MADE TO THE ESTIMATES CHANGES IN STOCKS, LARGELY AS A RESULT OF THE NEW DATA A VAILABLE FROM OF THE MANUFACTURING AND DISTRIBUTIVI THE ANNUAL ECONOMIC SURVEYS

TRADE SECTORS.

/THE GROWTH