TNAG-1268-FCO40-1617-China-s-economic-relationship-with-Hong-Kong-Shenzhen-econom-1983 — Page 34

IAL 1A TÍ

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5. .

Notwithstanding the rapid growth rate of

Hong Kong's total exports (domestic exports and re-exports) to China, Hong Kong's trade deficit with. China (or China's trade surplus with Hong Kong)

amounted to HK$21,137 million (U$3,481 million) in

1982 compared with a rather meagre figure of HK$310 million (US$54 million) in 1952, representing a growth rate of 15% p.a. (in HK$ terms) during this

thirty year period. The growth rate of China's trade

surplus with Hong Kong has been particularly rapid,

at 22% p.a., during the last five year 1978-82

(Table 1).

4

:

G.F. 326

CONFIDENTIAL #2