XN000022-1993-08-19 — Page 6

THURSDAY, AUGUST 19, 1993

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STATISTICS ON TRADE INVOLVING

OUTWARD PROCESSING IN CHINA, FIRST QUARTER

IN THE FIRST QUARTER OF 1993, 47% OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING; THE FIGURE WAS 73% FOR DOMESTIC EXPORTS, AND 41% FOR RE-EXPORTS.

ON THE OTHER HAND, 71% OF HONG KONG'S IMPORTS FROM CHINA WERR RELATED TO OUTWARD PROCESSING, ACCORDING TO STATISTICS RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

OVER THE SAME PERIOD, 77% OF HONG KONG'S RE-EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA.

THE CORRESPONDING PROPORTIONS IN THE FIRST QUARTER OF 1992 WERE 51% FOR TOTAL EXPORTS TO CHINA, 72% FOR DOMESTIC EXPORTS TO CHINA, 45% FOR RE-EXPORTS TO CHINA, 72% FOR IMPORTS FROM CHINA AND 78% FOR RE- EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA.

THE DECREASE IN THE PROPORTION OF EXPORTS TO CHINA FOR OUTWARD PROCESSING AS RECORDED IN THE FIRST QUARTER OF 1993 REFLECTS THAT HONG KONG'S EXPORTS FOR MEETING DOMESTIC DEMAND IN CHINA, VIZ. EXPORTS ΤΟ 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.

TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND OF OUTWARD PROCESSING IN CHINA INITIATED BY HONG KONG DEPARTMENT HAS BEEN CONDUCTING A SAMPLE SURVEY AS FROM QUARTER OF 1988 TO DISTINGUISH HONG KONG'S EXPORTS TO CHINA WHICH ARE FOR OUTWARD PROCESSING AND THOSE WHICH ARE NOT.

IMPORTANCE

FIRMS, THE THE THIRD INTO THOSE

THE SCOPE OF THE SURVEY HAS BEEN EXTENDED AS 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 HAS FURTHER BEEN EXTENDED SO AS TO SEGREGATE HONG KONG'S RE- EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA WHICH ARE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA AND THOSE WHICH ARE NOT.

THE RESULTS FOR THE FIRST QUARTER OF 1993 ARE NOW AVAILABLE.

IN VALUE TERMS, $33,672 MILLION OF HONG KONG'S TOTAL EXPORTS TO IN THE FIRST QUARTER OF 1993 WERE FOR OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 27% OVER THE FIRST QUARTER OF 1992.

CHINA

THE VALUE OF

DOMESTIC EXPORTS AND RE-EXPORTS TO CHINA FOR OUTWARD PROCESSING GREW BY 20% TO $9,861 MILLION AND BY 30% TO $23,811 MILLION RESPECTIVELY.

OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING INCREASED BY 13% ΤΟ $58,587 MILLION.

/ON THE