XN000022-1992-11-20 — Page 4

FRIDAY, NOVEMBER 20, 1992

THE CORRESPONDING PROPORTIONS IN THE SECOND QUARTER OF 1991 WERE 57% FOR TOTAL EXPORTS TO CHINA, 76% FOR DOMESTIC EXPORTS TO CHINA, 51% FOR RE-EXPORTS TO CHINA, 63% FOR IMPORTS FROM CHINA AND 71% FOR RE-EXPORTS OF CHINA ORIGIN (EXCEPT TO CHINA).

IN THE FIRST HALF OF THIS YEAR, 54% OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING; THE FIGURE WAS 74% FOR DOMESTIC EXPORTS, AND 48% FOR RE-EXPORTS.

ON

THE OTHER HAND, 71% OF HONG KONG'S IMPORTS FROM CHINA WERE RELATED TO OUTWARD PROCESSING.

ORIGIN CHINA.

OVER THE SAME PERIOD, 77% OF HONG KONG'S RE-EXPORTS OF CHINA

(EXCEPT TO CHINA) WERE PRODUCED THROUGH OUTWARD PROCESSING

THE CORRESPONDING PROPORTIONS IN THE FIRST HALF OF 1991 WERE 57% FOR TOTAL EXPORTS TO CHINA, 77% FOR DOMESTIC EXPORTS TO CHINA, 49% FOR RE-EXPORTS TO CHINA, 65% FOR IMPORTS FROM CHINA AND 71% FOR RE- EXPORTS OF CHINA ORIGIN (EXCEPT TO CHINA).

THE DECREASES IN THE PROPORTION OF EXPORTS TO CHINA FOR OUTWARD PROCESSING AS RECORDED IN THE FIRST HALF OF 1992 REFLECT THAT HONG KONG'S EXPORTS FOR MEETING DOMESTIC DEMAND IN CHINA, VIZ. EXPORTS TO CHINA NOT DESTINED FOR OUTWARD PROCESSING, INCREASED AT A FASTER PACE THAN OUTWARD PROCESSING TRADE DURING THE PERIOD.

THIS IS IN LINE WITH THE SUSTAINED INCREASE IN DOMESTIC DEMAND IN CHINA FOR IMPORTED GOODS.

I

ΤΟ HELP FIRMS BETTER UNDERSTAND THE NATURE AND IMPORTANCE OF OUTWARD PROCESSING IN CHINA, THE CENSUS AND STATISTICS DEPARTMENT HAS BEEN CONDUCTING A SAMPLE SURVEY FROM THE THIRD QUARTER OF 1988 ΤΟ DISTINGUISH HONG KONG'S EXPORTS TO CHINA INTO THOSE WHICH ARE FOR OUTWARD PROCESSING AND THOSE WHICH ARE NOT.

THE SCOPE OF THE SURVEY HAS BEEN EXTENDED 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.

STARTING FROM THE FIRST QUARTER OF 1991, THE SCOPE OF THE SURVEY

RE- HAS FURTHER BEEN EXTENDED SO AS TO SEGREGATE HONG KONG'S EXPORTS OF CHINA ORIGIN (EXCEPT TO CHINA) WHICH ARE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA AND THOSE WHICH ARE NOT.

THE RESULTS FOR THE SECOND QUARTER AND THE FIRST HALF OF 1992 ARE NOW AVAILABLE.

IN VALUE TERMS, $39,369 MILLION OF HONG KONG'S TOTAL EXPORTS TO CHINA IN THE SECOND QUARTER OF 1992 WERE FOR OUTWARD REPRESENTING AN INCREASE OF 31% OVER THE SECOND QUARTER OF

THE VALUR OF DOMESTIC EXPORTS AND RE-EXPORTS TO OUTWARD PROCESSING GREW BY 16% TO $12,085 MILLION AND $27,284 MILLION RESPECTIVELY.

PROCESSING, 1991.

CHINA FOR BY 39% ΤΟ

/OVER THE