XN000022-1994-01-07 — Page 7

FRIDAY, JANUARY 7, 1994

HOWEVER, THE TASK OF

HARNESSING NEW TECHNOLOGIES

SPECIAL SKILLS AND ALSO INSIGHT INTO MARKET NEEDS, HE SAID.

REQUIRED

THE MISSION OF THE HONG KONG INDUSTRIAL TECHNOLOGY CENTRE, HE SAID, WAS ΤΟ FACILITATE AND PROMOTE TECHNOLOGIES BY HONG KONG INDUSTRIES.

IN

PROMISING TECHNOLOGY-BASED COMPANIES ARE NURTURED PURPOSE-DESIGNED ACCOMMODATION AND PROVIDED WITH PRODUCT DESIGN AND DEVELOPMENT SERVICES.

THE CENTRE ALSO HELPS THESE COMPANIES IDENTIFY NEW TECHNOLOGIES COMMERCIAL APPLICATIONS THROUGH EXTENSIVE NETWORKING WITH RESEARCHERS IN HONG KONG, CHINA AND ELSEWHERE.

AND

VOLUME AND PRICE MOVEMENTS OF EXTERNAL TRADE IN OCTOBER 1993

YEAR, THAT

THE VOLUME OF DOMESTIC EXPORTS IN THE FIRST 10 MONTHS OF LAST DECREASED BY 4.8% OVER THE SAME PERIOD THE YEAR BEFORE, WHILE OF RE-EXPORTS RECORDED A SIGNIFICANT INCREASE OF 21%.

THIS IS SHOWN IN STATISTICS RELEASED TODAY

(FRIDAY) BY THE

CENSUS AND STATISTICS DEPARTMENT.

OF

TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VOLUME TOTAL EXPORTS INCREASED BY 14%. IMPORTS ALSO INCREASED BY 14% IN VOLUME.

THE GROWTH IN THE VOLUME OF TRADE IS DERIVED FROM THE GROWTH IN TRADE VALUES WITH THE EFFECT OF PRICE CHANGES BEING DISCOUNTED.

REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF IMPORTS AND RE-EXPORTS BOTH DECREASED BY 0.6%. EXPORT PRICES INCREASED SLIGHTLY BY 0.3%.

PRICE CHANGES ARE REFLECTED BY CHANGES IN UNIT VALUE WHICH ARE COMPILED BASED ON AVERAGE UNIT VALUES OR. FOR COMMODITIES, BASED ON SPECIFIC PRICE DATA.

DOMESTIC

INDICES, CERTAIN

THE TERMS OF TRADE INDEX, DEFINED AS THE RATIO OF TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX, INCREASED SLIGHTLY BY 0.3% IN THE FIRST 10 MONTHS OF 1993 AS COMPARED WITH THE SAME PERIOD IN 1992.

TAKING OCTOBER 1993 ALONE AND COMPARING WITH OCTOBER 1992. THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 10% WHILE THAT OF RE-EXPORTS INCREASED BY 14%. THE VOLUME OF TOTAL EXPORTS INCREASED BY 8.3%. THE VOLUME OF IMPORTS GREW BY 4.5%.

OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF IMPORTS AND RE-EXPORTS DECREASED BY 0.6% AND 1.1% RESPECTIVELY. DOMESTIC EXPORT PRICES REMAINED VIRTUALLY UNCHANGED.

/COMPARING OCTOBER