XN000022-1991-03-12 — Page 5

TUESDAY, MARCH 12, 1991

"THERE IS TREMENDOUS ACTIVITY GOING ON THE

AROUND, CONFIDENCE OF ECONOMIC IS A GOOD DEAL INVESTMENT AROUND.

WHOLE TIME. THERE

A GOOD

DEAL

OF

NOTING THE CLOSE AND GROWING ECONOMIC RELATIONS CHINA, HE TOLD THE AUDIENCE THAT ALMOST TWO INVESTMENT IN THE MAINLAND CAME THAN 50,000 PEOPLE FROM HONG KONG WERE TO THE WORKFORCE.

"IN GUANGDONG

PROVINCE

WITH THIRDS OF ALL FROM OR THROUGH HONG KONG, CONTRIBUTING

SOUTHERN

EXTERNAL AND MORE THEIR EXPERTISE

LIKE TWO MILLION

SOMETHING ALONE, PEOPLE ARE WORKING FOR HONG KONG ENTERPRISES," HE SAID.

GUANGDONG HAD A DYNAMISM AND MOMENTUM OF ITS OWN HONG KONG WAS PLAYING A VERY IMPORTANT PART.

AND IN THAT

"THE PEARL RIVER AREA WILL BECOME A GREAT CENTRE OF EAST ASIA IN THE NEXT 20 OR 30 YEARS AND HONG KONG IS IN POSITION GEOGRAPHICALLY TO TAKE ADVANTAGE OF THE KEY CHANGES TAKING PLACE IN THE ECONOMIC WORLD," THE GOVERNOR SAID.

GROWTH IN A UNIQUE THAT

ARE

EXTERNAL TRADE STATISTICS FOR JANUARY RELEASED

TOTAL MERCHANDISE TRADE IN JANUARY 1991, AT $118,857 MILLION, GREW BY 39% IN VALUE TERMS AS COMPARED WITH JANUARY 1990, ACCORDING TO 1991 RELEASED THE DETAILED FIGURES ON THE VALUE OF TRADE IN JANUARY TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

VALUE OF THE OVER

SAMB PERIOD OF COMPARISON, THE EXPORTS INCREASED BY 15% TO $19,176 MILLION, WHILE THAT OF ROSE BY 40% TO $39,021 MILLION.

DOMESTIC RE-EXPORTS

THE VALUE OF TOTAL EXPORTS INCREASED BY 30% TO $58,197 MILLION. THE VALUE OF IMPORTS INCREASED BY 48% TO $60,661 MILLION.

FIGURES THE FLUCTUATIONS

CAUTION SHOULD BE EXERCISED IN INTERPRETING THE TRADE FOR ANY INDIVIDUAL MONTH IN ISOLATION, IN VIEW OF THAT MAY OCCUR FROM MONTH TO MONTH.

THIS YBAR

ARR OCCURRED

JANUARY FIGURES FOR IN PARTICULAR, THE TRADE AFFECTED BY THE TIMING OF THE LUNAR NEW YEAR HOLIDAYS WHICH

LATE JANUARY LAST YEAR, BUT IN MID-FEBRUARY THIS YEAR,

IN

12 MONTHS ENDING THE VALUE OF

EXTENDING THE PERIOD OF COMPARISON TO THE JANUARY 1991 WITH THE 12 MONTHS ENDING JANUARY 1990, DOMESTIC EXPORTS INCREASED BY 2% TO $228,414 MILLION WHILE THAT OF RE- EXPORTS WAS UP BY 22% TO $425,059 MILLION.

/TAKING DOMESTIC