XN000022-1991-05-20 — Page 2

MONDAY, MAY 20, 1991

HK'S TRADE WITH CHINA OF OUTWARD PROCESSING NATURE

IN THE FOURTH QUARTER OF 1990, SOME 62% OF HONG KONG'S FROM CHINA WAS RELATED TO OUTWARD PROCESSING.

IMPORTS

EXPORTS то

80% FOR DOMESTIC

ON THE OTHER HAND, SUME 60% OF HONG KONG'S TOTAL CHINA WAS FOR OUTWARD PROCESSING; THE FIGURE WAS EXPORTS. AND 51% FOR RE-EXPORTS TO CHINA.

THE CORRESPONDING PROPORTIONS IN THE FOURTH QUARTER WERE 59% FOR IMPORTS, 56% FOR TOTAL EXPORTS, 78% FOR DOMESTIC AND 47% FOR RE-EXPORTS.

.

OF 1989 EXPORTS

IN 1990, SOME 62% OF HONG KONG'S IMPORTS FROM CHINA WAS RELATED TO OUTWARD PROCESSING.

EXPORTS то 79% FOR DOMESTIC

ON THE OTHER HAND, SOME 59% OF HONG KONG'S TOTAL CHINA WAS FOR OUTWARD PROCESSING; THE FIGURE WAS EXPORTS, AND 50% FOR RE-EXPORTS TO CHINA.

THE CORRESPONDING PROPORTIONS IN 1989 WERE 58% FOR IMPORTS, 53% FOR TOTAL EXPORTS, 76% FOR DOMESTIC EXPORTS AND 44% FOR RE-EXPORTS.

OF

IMPORTANCE

TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND

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

-

THE

CHINA ARE FOR

AS FROM THE THE SCOPE OF THE SURVEY HAS ALSO BEEN EXTENDED

KONG'S IMPORTS FROM FIRST QUARTER OF 1989 SO AS TO SEGREGATE HONG

AND THOSE CHINA INTO THOSE WHICH ARE RELATED TO OUTWARD PROCESSING WHICH ARE NOT.

THE RESULTS FOR THE FOURTH QUARTER AND THE WHOLE YEAR OF ARE NOW AVAILABLE.

1990

IN

IN VALUE TERMS, SOME $42,922 MILLION OF IMPORTS FROM CHINA

PROCESSING, FOURTH

RELATED TO OUTWARD QUARTER OF 1990 WERE REPRESENTING AN INCREASE OF 36% OVER THE FOURTH QUARTER OF 1989.

THE

EXPORTS

OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF TOTAL TO CHINA FOR OUTWARD PROCESSING INCREASED BY 34% TO $27,086 MILLION.

то CHINA FOR THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS OUTWARD PROCESSING CREW BY 21% TO $10,353 MILLION AND 43% TO MILLION RESPECTIVELY.

RELATED

1989.

$16,733

REPRESENTING AN INCREASE OF

FROM CHINA WERE 28% OVER

IN 1990, SOME $145, 103 MILLION OF IMPORTS

TO OUTWARD PROCESSING,

/OVER THE