XN000022-1990-08-13 — Page 4

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MONDAY, AUGUST 13,

1990

-ELECTRICAL AND ELECTRONIC PARTS,

ACCESSORIES AND MACHINERY

140

-5.4

-16.2

MISCELLANEOUS MANUFACTURING

INDUSTRIES

104

-3.7

-10.3

ALL MANUFACTURING INDUSTRIES

105

-3.7

-18.6

NOTE:

GROUPS AND

BEFORE 1990, PRODUCTION INDEXES FOR 21 INDUSTRY "ALL MANUFACTURING INDUSTRIES" WERE PUBLISHED. AS FROM 1990, ONLY THE INDEXES FOR EIGHT BROAD INDUSTRY GROUPS AND ALL MANUFACTURING INDUSTRIES" ARE PUBLISHED WHILE THOSE FOR THE 21 INDUSTRY GROUPS, EXCEPT FOUR WHICH CARRY LARGER WEIGHTS AND ARE MAJOR COMPONENTS OF THE RESPECTIVE BROAD INDUSTRY GROUPS, ARE NOT PUBLISHED.

0

HK'S TRADE WITH CHINA OF OUTWARD PROCESSING NATURE

IN THE FIRST QUARTER OF 1990, SOME 57 PER CENT OF HONG KONG'S IMPORTS FROM CHINA WAS RELATED TO OUTWARD PROCESSING. ON THE OTHER HAND, SOME 56 PER CENT OF HONG KONG'S TOTAL EXPORTS TO CHINA WAS OUTWARD PROCESSING; THE FIGURE WAS 77 PER CENT FOR DOMESTIC EXPORTS, AND 48 PER CENT FOR RE-EXPORTS TO CHINA.

FOR

THE CORRESPONDING PROPORTION IN THE FIRST QUARTER OF 1989 WAS 59 PER CENT FOR IMPORTS, 45 PER CENT FOR TOTAL EXPORTS, 72 PER CENT FOR DOMESTIC EXPORTS AND 36 PER CENT FOR RE-EXPORTS.

OF

TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND IMPORTANCE OUTWARD PROCESSING IN CHINA BY HONG KONG FIRMS, THE CENSUS AND STATISTICS DEPARTMENT HAS BEEN CONDUCTING A SAMPLE SURVEY AS FROM THE THIRD QUARTER OF 1988 TO DISTINGUISH HONG KONG'S EXPORTS TO CHINA BOTH DOMESTIC EXPORTS AND RE-EXPORTS INTO THOSE WHICH ARE OUTWARD PROCESSING AND THOSE WHICH ARE NOT.

-

-

FOR

THE SCOPE OF THE SURVEY HAS ALSO BEEN EXTENDED AS FROM THE FIRST QUARTER OF 1989 SO AS TO SEGREGATE HONG KONG'S IMPORTS FROM CHINA INTO THOSE WHICH ARE RELATED TO OUTWARD PROCESSING AND THOSE WHICH ARE NOT. THE RESULTS FOR THE FIRST QUARTER OF 1990 ARE NOW AVAILABLE.

IN VALUE TERMS, SOME $26,187 MILLION OF IMPORTS FROM CHINA IN THE FIRST QUARTER OF 1990 WERE RELATED TO OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 11 PER CENT OVER THE SAME QUARTER LAST

YEAR.

/THE VALUE