XN000022-1993-11-18 — Page 5

THURSDAY, NOVEMBER 18, 1993

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 IMPORTANCE OF OUTWARD PROCESSING IN CHINA INITIATED BY HONG KONG FIRMS, THE CENSUS AND STATISTICS DEPARTMENT HAS BEEN CONDUCTING A SAMPLE SURVEY AS FROM THE THIRD QUARTER OF 1988 TO 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 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 SECOND QUARTER AND THE FIRST HALF OF 1993 ARE NOW AVAILABLE.

IN VALUE TERMS, $41,816 MILLION OF HONG KONG'S TOTAL EXPORTts to CHINA IN THE SECOND QUARTER OF 1993 WERE FOR OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 6% OVER THE SECOND QUARTER OF 1992.

PROCESSING

THE VALUE OF DOMESTIC EXPORTS TO CHINA FOR OUTWARD DECREASED BY 3% TO $11,702 MILLION WHILST THE VALUE OF RE-EXPORTS CHINA FOR OUTWARD PROCESSING GREW BY 10% TO $30,114 MILLION.

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OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS CHINA RELATED ΤΟ OUTWARD PROCESSING INCREASED BY 17% TO $72,087 MILLION.

ON THE OTHER HAND, $90,362 MILLION OF HONG KONG'S RE-EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA, REPRESENTING AN INCREASE OF 29%.

IN THE FIRST HALF OF 1993, $75,488 MILLION OF HONG KONG'S TOTAL EXPORTS TO CHINA WERE FOR OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 15% OVER THE FIRST HALF OF 1992.

THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS ΤΟ CHINA FOR OUTWARD PROCESSING GREW BY 6% TO $21,564 MILLION AND 18% TO $53,925 MILLION RESPECTIVELY.

OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF IMPORTS FROM CHINA RELATED TO OUTWARD PROCESSING INCREASED BY 15% ΤΟ $130,673 MILLION.

ON THE OTHER HAND, $161,008 MILLION OF HONG KONG'S RE-EXPORTS OF CHINA ORIGIN TO ALL COUNTRIES OTHER THAN CHINA WERE PRODUCED THROUGH OUTWARD PROCESSING IN CHINA, REPRESENTING AN INCREASE OF 24%.

THE ESTIMATES FOR THE SECOND QUARTER AND THE FIRST HALF OF 1993 AND THE CORRESPONDING CHANGES OVER THE SAME PERIOD IN 1992 ARE SUMMARISED IN THE FOLLOWING TABLE:

/ESTIMATED VALUE