XN000022-1992-05-21 — Page 16

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THURSDAY, MAY 21, 1992

FOR

THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS TO CHINA OUTWARD PROCESSING GREW BY 11% TO $40,369 MILLION AND BY 33% ΤΟ $73,562 MILLION RESPECTIVELY.

FOR THE PURPOSE OF THE SURVEY, EXPORTS TO CHINA FOR OUTWARD PROCESSING REFER TO THE EXPORTATION OF RAW MATERIALS OR SEMI- MANUFACTURES FROM OR THROUGH HONG KONG TO CHINA FOR PROCESSING WITH A CONTRACTUAL ARRANGEMENT FOR SUBSEQUENT RE-IMPORTATION OF THE PROCESSED GOODS INTO HONG KONG.

IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING REFER TO THE IMPORTATION OF PROCESSED GOODS FROM CHINA OF WHICH ALL OR PART OF THEIR RAW MATERIALS OR SEMI-MANUFACTURES ARE UNDER CONTRACTUAL ARRANGEMENT EXPORTED FROM OR THROUGH PROCESSING.

HONG KONG TO CHINA FOR

A SAMPLE OF TRADE DECLARATIONS IN RESPECT OF HONG KONG'S TRADE WITH CHINA (IMPORTS FROM CHINA, DOMESTIC EXPORTS AND RE-EXPORTS TO CHINA) IS SELECTED FOR ENUMERATION TO OBTAIN THE REQUIRED INFORMATION FROM THE ESTABLISHMENTS CONCERNED.

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

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

"THE FINDINGS OF THE SURVEY, HOWEVER, FACILITATE A MORE INFORMED ANALYSIS OF THE NATURE OF HONG KONG-CHINA TRADE. IN THIS RESPECT, THE SURVEY RESULTS ARE A USEFUL SUPPLEMENT TO THE REGULAR TRADE STATISTICS," HE SAID.

DETAILS OF THE SURVEY RESULTS WILL BE INCLUDED IN THE MARCH 1992 ISSUE OF THE "HONG KONG EXTERNAL TRADE"

THIS REPORT WILL BE ON SALE AROUND MAY 22 AT THE GOVERNMENT PUBLICATIONS SALES CENTRE, GROUND FLOOR, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, CENTRAL, AND AT THE PUBLICATIONS SALES COUNTER OF THE CENSUS AND STATISTICS DEPARTMENT ON 19TH FLOOR, WANCHAI TOWER 1, 12 HARBOUR ROAD, WAN CHAI AT $52 PER COPY.

ENQUIRIES ON THE SURVEY RESULTS MAY BE DIRECTED TO THE TRADE SURVEYS AND SHIPPING STATISTICS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON TELEPHONE 582 5037.

AND

THE ESTIMATES FOR THE FOURTH QUARTER AND THE WHOLE YEAR OF 1991 THE CORRESPONDING CHANGES OVER THE SAME PERIOD IN 1990 ARE SUMMARISED IN THE FOLLOWING TABLE:

/TOTAL VALUE