2,
C.
does
Chima
What advantages do tha
Men derve from Hong Kong? (
Contacts with the Outside world.
人
Heną Kaną krovides China wi12
window
a
and with
on
the outside world
Om
easy
point of
access
for trade and
travel.
St has served.
as
a
jumping
from
which to mounta
r
The bulk of
China's exports to Hong Kong are foodstuffs (40-50%); "here
is also a considerable mairhet-
for Chinese textiles, simple
machinery and other
manufactured goods.
2.
If Excand centre
Subversive activities against the free
world
Subverswe
particularly in the feed of
propaganda.
Foreyn Exchange Earnings.
earns
a large surplus
170
with the Colony (Zara
which vasaro
China
on visible Grade
m. in
1966).
This trade Surplus, from
From L
Overseas Chinese than
remittances by
Baton or
Through Hong
Koną (estimated at £30-35 m, in 1966)
and from the operations of
Imanual
Hong Kong,
Chinese
and Commercial enterprises in
total foreign exchange
earnings estimated at ₤200-210 m.
accrued in 1966 for
Over
a
thard of China's
total earnings of foreyn exchange).
{
regularly
3. These earnings, which are converted into sterling, have played a major role
Li
financing na China's trade defects with other arear of the free
world
with the industrial countries Eureze in 1959-60
Western Europe
1965-66
and
and again
in
ๆ
in 12 Canada, Australia
سا
other mayer grain exporters to China,
4. What that 7500 for Tait yood
Garying
4. Earnings in 1960-62 averaged ammalam Some £80 m. Their rapid rate of increase by
is unhely to be mamtained and from
1966
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