XN000022-1989-11-02 — Page 26

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THURSDAY, NOVEMBER 2, 1989

SECOND QUARTER SURVEY ON EXPORTS TO CHINA FOR OUTWARD PROCESSING

TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND IMPORTANCE OF OUTWARD PROCESSING IN CHINA BY HONG KONG FIRMS, IN THE SECOND HALF OF 1988 THE CENSUS AND STATISTICS DEPARTMENT INITIATED A SAMPLE SURVEY TO ENABLE IT TO SPLIT HONG KONG'S EXPORTS - BOTH DOMESTIC EXPORTS AND RE-EXPORTS INTO THOSE WHICH WERE FOR OUTWARD PROCESSING AND THOSE WHICH WERE NOT.

THE RESULTS FOR THE SECOND QUARTER OF 1989 ARE NOW AVAILABLE.

OF 1989 SOME 76 OUTWARD WERE FOR

THUS,

THE RESULTS SHOW THAT IN THE SECOND QUARTER CHINA PER CENT OF HONG KONG'S DOMESTIC EXPORTS TO PROCESSING, FOR RE-EXPORTS TO CHINA THE FIGURE WAS 46 PER CENT. FOR OVERALL EXPORTS TO CHINA,

PER CENT WERE FOR OUTWARD

PROCESSING.

:

SOME 54

IN VALUE TERMS THESE PROPORTIONS IMPLY THAT SOME

TO CHINA MILLION OF THE $11,017 MILLION OF DOMESTIC EXPORTS SECOND QUARTER OF 1989 WERE FOR OUTWARD PROCESSING.

$12,371

FOR RE-EXPORTS THE CORRESPONDING FIGURES WERE OUT OF $27,178 MILLION, AND FOR TOTAL EXPORTS 820,737 MILLION $38,195 MILLION.

PROCESSING

IN

$8,366 THE

MILLION

OUT OF

FOR THE PURPOSE OF THE SURVEY, EXPORTS ΤΟ CHINA FOR OUTWARD REFER ΤΟ THE EXPORTING OF RAW MATERIALS

OR SEMI-MANUFACTURES FROM HONG KONG TO CHINA

PROCESSING, WITH THE RESULTING PROCESSED GOODS BEING

RE-IMPORTED INTO HONG

KONG.

FOR

SUBSEQUENTLY

ENUMERATION

то

A SAMPLE OF TRADE DECLARATIONS IN RESPECT OF EXPORTS { DOMESTIC EXPORTS AND RE-EXPORTS) TO CHINA WERE SELECTED FOR OBTAIN THE REQUIRED INFORMATION FROM ESTABLISHMENTS.

EXPLAINED OF RECORDING FOR WHATEVER

A SPOKESMAN FOR THE CENSUS AND STATISTICS DEPARTMENT THAT UNDER THE EXISTING INTERNATIONALLY ACCEPTED SYSTEM BORDER, TRADE FLOWS, ALL MOVEMENTS OF GOODS ACROSS THE PURPOSE, ARE RECORDED AS EXTERNAL. TRADE,

THUS THE MOVEMENTS OF GOODS ASSOCIATED WITH OUTWARD ARE CORRECTLY INCLUDED IN THE REGULAR TRADE STATISTICS.

"THE FINDINGS

OF

PROCESSING

THE SURVEY FACILITATE A MORB INFORMED OF HONG KONG-CHINA TRADE, PARTICULARLY AS REGARDS THE DISPOSITION OF THE GOODS AFTER THEY HAVE ENTERED CHINA.

ANALYSIS OF THE NATURE

"THE SURVEY

RESULTS ARE

+

THUS A USEFUL

REGULAR TRADE STATISTICS, THE SPOKESMAN SAID.

ΤΟ SUPPLEMENT

THE

INCLUDED SURVEY RESULTS FOR THE SECOND Quarter oF 1989 WILL BE

ISSUE OF THE "HONG IN PART I OF THE SEPTEMBER 1989

KONG EXTERNAL TRADE", WHICH WILL BE ON SALE IN END-NOVEMBER 1989 AT THE GOVERNMENT FLOOR, CONNAUGHT PLACE,

PUBLICATIONS CENTRE, GPO BUILDING, GROUND CENTRAL AT $17.5 PER COPY.

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