TNAG-1268-FCO40-1617-China-s-economic-relationship-with-Hong-Kong-Shenzhen-econom-1983 — Page 53

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Table 9: China's gross foreign exchange earnings (*) (US$Mn)

1977

1978 1979 1980

China's total merchandise exports

China's total service receipts (**)

7590

9750 13660 18270

1287

1751 2659 2700

8877 11501 16319 20970

(a) China's gross overall foreign

exchange earnings (excluding loans and capital flows)

:

China's merchandise exports to

Hong Kong

1734

2252 3024 4411

Expenditure of Hong Kong residents

in China

97

144

299

449

Remittance and other unrequited

transfers by Hong Kong residents to China

384

445

537

681

Investment profits of China- controlled corporations in Hong Kong

263

323

413

569

(b) China's gross foreign exchange earnings from Hong Kong

2478

3164

4273

6110

less:

merchandise imported

from Hong Kong

45

63

384

1256

net importation of

services (other than travel and tourism) from Hong Kong

19

29

60

90

(c) China's net foreign exchange

earnings from Hong Kong

2414

3072

3829

4764

(b) as a propertion (%) of (a)

28

28

26

(c) as a proportion (%) of (a)

27

27

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Note:

(*)

G.F. 326

(**)

Data on China's merchandise exports and imports are obtained from Statistical Yearbook of China 1981 and data on China's service receipts and payments from Yamada's study.

Including remittances,

remittances, interests, and investment income.

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