XN000022-1994-05-10 — Page 9

TUESDAY, MAY 10, 1994

MEETING TO DISCUSS BORDER CROSSING

IN RESPONSE TO PRESS ENQUIRIES, A GOVERNMENT SPOKESMAN SAID THE GOVERNMENT, THROUGH BORDER LIAISON CHANNELS, HAS

GOODS ASSISTED

THE SHENZHEN VEHICLE DRIVERS TO SET UP A MEETING WITH OFFICIALS OF

GANG AUTHORITIES

DISCUSS THE NEW INSPECTION PROCEDURE

CHECKPOINT.

TO

AT

HUANG

THE MEETING IS NOW TAKING PLACE AT THE HUANG GANG CROSSING.

UNTIL CHAU TODAY.

-

IT IS UNDERSTOOD THAT THE HUANG GANG CHECKPOINT WILL 11 PM TONIGHT AND GOODS VEHICLES DESIGNATED TO USE THE LOK

TO CROSSING HUANG GANG CHECKPOINT, CAN ALSO USE THE MAN KAM

BE OPEN

MA

VOLUME AND PRICE MOVEMENTS OF EXTERNAL TRADE IN FEBRUARY

*

IN THE FIRST TWO MONTHS OF 1994, THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 8.9% OVER THE SAME PERIOD LAST YEAR, WHILE THAT OF RE- EXPORTS RECORDED AN INCREASE OF 13%, ACCORDING ΤΟ THE STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.

OF

TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VOLUME TOTAL EXPORTS INCREASED BY 8.5%. MEANWHILE, IMPORTS INCREASED BY 7.9% 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.

AS REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 0.8% AND 0.5% RESPECTIVELY, IMPORT PRICES INCREASED BY 1.1%.

PRICE CHANGES ARE REFLECTED BY CHANGES IN UNIT VALUE

WHICH ARK COMPILED BASED ON AVERAGE UNIT VALUES OR, FOR COMMODITIES, BASED ON SPECIFIC PRICE DATA.

INDICES,

CERTAIN

THE TERMS OF TRADE INDEX, DEFINED AS THE RATIO OF TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX, DECREASED BY 0.6% IN THE FIRST TWO MONTHS OF 1994 OVER THE SAME PERIOD LAST YEAR.

COMPARING FEBRUARY 1994 WITH FEBRUARY 1993, THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS DECREASED BY 21% AND 4.2% RESPECTIVELY. THE VOLUME OF IMPORTS DECLINED BY 5.8%.

CAUTION SHOULD BE TAKEN IN INTERPRETING THE CHANGES IN THE VOLUME OF TRADE FOR A SINGLE MONTH AT THE BEGINNING OF EACH YEAR WHICH MAY BE AFFECTED BY THE TIMING OF THE LUNAR NEW YEAR HOLIDAYS. IT IS MORE MEANINGFUL TO MAKE COMPARISONS OVER A LONGER PERIOD,

THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF EXPORTS BY PRINCIPAL COMMODITY GROUP ARE SHOWN IN TABLE 1.

DOMESTIC

/COMPARING FEBRUARY