XN000022-1992-11-20 — Page 5

FRIDAY, NOVEMBER 20, 1992

FROM

OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS CHINA RELATED ΤΟ OUTWARD PROCESSING INCREASED BY 37% TO $61,711 MILLION.

ON THE OTHER HAND, $69,852 MILLION OF HONG KONG'S RE-EXPORTS OF CHINA ORIGIN (EXCEPT TO CHINA) WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA, REPRESENTING AN INCREASE OF 43%.

IN THE FIRST HALF OF 1992, $65,861 MILLION OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 28% OVER THE FIRST HALF OF 1991.

THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS то CHINA FOR OUTWARD PROCESSING GREW BY 11% TO $20,323 MILLION AND 37% TO $45,539 MILLION RESPECTIVELY.

OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING INCREASED BY 36% TO $113,392 MILLION.

ON THE OTHER HAND, $129,705 MILLION OF HONG KONG'S RE-EXPORTS CHINA ORIGIN (EXCEPT TO CHINA) WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA, REPRESENTING AN INCREASE OF 45%.

OF

FOR THE PURPOSE OF THE SURVEY, EXPORTS (DOMESTIC EXPORTS AND RE-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 HONG KONG TO CHINA FOR PROCESSING.

RE-EXPORTS OF CHINA ORIGIN (EXCEPT TO CHINA) PRODUCED THROUGH OUTWARD PROCESSING IN CHINA REFER TO THOSE RE-EXPORTS OF WHICH ALL OR PART OF THEIR RAW MATERIALS OR SEMI-MANUFACTURES HAVE BEEN EXPORTED FROM OR THROUGH HONG KONG TO CHINA FOR PROCESSING WITH A CONTRACTUAL ARRANGEMENT FOR SUBSEQUENT RE-IMPORTATION OF THE PROCESSED GOODS INTO HONG KONG.

IN INTERPRETING THE STATISTICS, IT SHOULD BE NOTED THAT THE VALUE AND PROPORTION OF IMPORTS FROM CHINA AND RE-EXPORTS OF CHINA ORIGIN (EXCEPT TO CHINA) INVOLVING OUTWARD PROCESSING IN CHINA TO THOSE OF THE ENTIRE GOODS INSTEAD OF JUST THE VALUE CONTRIBUTED BY OUTWARD PROCESSING IN CHINA.

REFER ADDED

TRADE

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

/A SPOKESMAN