XN000022-1989-03-02 — Page 8

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THURSDAY, MARCH 2, 1989

SURVEY ON EXPORTS TO CHINA FOR OUTWARD PROCESSING, 3RD QUARTER

OF OF

TO INCREASE ITS UNDERSTANDING OF THE NATURE AND IMPORTANCE OUTWARD PROCESSING IN CHINA BY HONG KONG FIRMS, IN THE SECOND HALF 1988 THE CENSUS AND STATISTICS DEPARTMENT INITIATED A SAMPLE SURVEY TO ENABLE IT TO SPLIT HONG KONG'S EXPORTS

AND - BOTH DOMESTIC EXPORTS

RE-EXPORTS

PROCESSING INTO THOSE WHICH WERE FOR OUTWARD

AND THOSE

WHICH WERE NOT.

―

-

THE RESULTS FOR THE THIRD QUARTER OF 1988 HAVE NOW BEEN

PUBLISHED.

THE RESULTS SHOW THAT IN THE THIRD QUARTER OF 1988 SOME 73 PER CENT OF HONG KONG'S DOMESTIC EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING. FOR RE-EXPORTS TO CHINA THE FIGURE WAS 37 PER CENT. THUS, FOR OVERALL EXPORTS TO CHINA, SOME 48 PER CENT WERE FOR OUTWARD PROCESSING.

IN VALUE TERMS, THESE PROPORTIONS IMPLY THAT SOME $7,850 WERE FOR MILLION OF THE $10,687 MILLION OF DOMESTIC EXPORTS TO CHINA OUTWARD PROCESSING, FOR RE-EXPORTS THE CORRESPONDING FIGURES WERE $9,622 MILLION OUT OF $26.007 MILLION, AND FOR TOTAL EXPORTS $17.472 MILLION OUT OF $36,694 MILLION.

FOR THE PURPOSE OF THE SURVEY, EXPORTS ΤΟ CHINA FOR OUTWARD PROCESSING REFER TO THE EXPORTING OF RAW MATERIALS OR SEMI-MANUFACTURES FROM HONG KONG TO CHINA RESULTING PROCESSED GOODS BEING KONG.

FOR

SUBSEQUENTLY

WERE

PROCESSING,

THE WITH RE-IMPORTED INTO HONG

A SAMPLE OF TRADE DECLARATIONS IN RESPECT OF EXPORTS { DOMESTIC EXPORTS AND RE-EXPORTS TO CHINA

SELECTED FOR ENUMERATION TO OBTAIN THE REQUIRED INFORMATION FROM ESTABLISHMENTS.

"THE FINDINGS OF THE NEW SURVEY PERMIT A MORE INFORMED

DATA ON ANALYSIS OF THE

TRADE BETWEEN HONG KONG AND

A CHINA, SPOKESMAN FOR THE CENSUS AND STATISTICS DEPARTMENT SAID TODAY ( THURSDAY).

**THE TRADE FIGURES THEMSELVES ARE UNCHANGED. THEY STILL MEASURE THE VALUE OF GOODS BEING TRADED BETWEEN HONG KONG AND CHINA.

"WHAT HAS BEEN IMPROVED IS OUR UNDERSTANDING OF WHAT HAPPENS TO THESE GOODS AFTER THEY HAVE ENTERED CHINA.

"THIS IS OF CONSIDERABLE VALUE IN ANALYSING THE DETERMINANTS OF OUR TRADE WITH CHINA.

"

THE SURVEY WILL CONTINUE TO BE CARRIED OUT ON A QUARTERLY BASIS AND THE RESULTS PUBLISHED.

THIRD QUARTER OF DETAILS OF THE SURVEY RESULTS FOR THE

1988 THE HONG KONG ARE INCLUDED IN PART I OF THE DECEMBER 1988 ISSUE OF EXTERNAL TRADE", WHICH IS NOW ON SALE AT THE GOVERNMENT PUBLICATIONS CENTRE, GPO BUILDING, CONNAUGHT CENTRE, AT $17.50 PER COPY.

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