TNAG-1242-FCO40-1555-Future-of-Hong-Kong-1983 — Page 176

a

(8) Domestic exports

Value

11

{{

($Mn)

Growth rate in money terms (%)

• Growth rate in real terms (%)

1981 Annual

80,423

18

9

1982 Q1

17,504

9

-1

Q2

20,323

4

-4

Q3

22,597

1

004

Q4

22,608

1

-1

Annual

83,032

3

-3

1983 Q1

18,629

6

3

Q2

24,531

21

74 (*)

(*) estimate

(9)

of

The effect on individual industries and individual factories would be patchy, depending on the extent

the loss of confidence. The effect on some industries would be more immediate; some more gradual. But since many factories in Hong Kong are small in size and carry out basically subcontracting work for the larger factories, the contraction of operation of some large factories could have a chain effect on other smaller factories, i.e. some small factories might have to close down. The following gives the number of persons engaged in the manufacturing sector :

Employment in the manufacturing sector

1982 Q1

886 064

Q2

903 012

Q3

856 137

Q4

847 194

1983 Q1

848 703

SECRET

/(10)