CONFIDENTIAL # 2
G.F. 326
7
13
28.
China is now the second largest market for Hong
Kong's domestic exports. The relative importance of the China market in Hong Kong's total domestic exports has
increased from 6% in 1983 to 8% in 1984, and further to
13% in the first half of 1985. At HK$7.9 billion, Hong Kong's domestic exports to China in the first half of 1985 were 75% higher in money terms than in the same period in
1984. Even discounting the effect of price increases, the corresponding growth in real terms is 70%.
29.
China is the largest market for Hong Kong's
re-exports. The relative importance of the China market in Hong Kong's total re-exports has increased from 22% in
1983 to 34% in 1984, and further to 47% in the first half
of 1985. At HK$24.6 billion, Hong Kong's re-exports to
China in the first half of 1985 were 140% higher in money
terms than in the same period in 1984.
30.
(b)
Effect of China's recent import
restrictions on Hong Kong's domestic exports and re-exports to China
The full effects of China's recent import
restrictions on Hong Kong's domestic exports and
re-exports are not apparent in the trade statistics for the first half of 1985, apart from some slowing down in
their growth rates in the second quarter.
Hong Kong's
domestic exports to
Growth
Hong Kong's re-exports
Growth
Period
China (HK$Mn)
rate*
to China
rate*
(8)
(HK$Mn)
(*)
1st Quarter 1985
3,912
97
11,812
149
2nd Quarter 1985
4,006
57
12,826
132
Source: Hong Kong Trade Statistics
* Over same period of previous year
CONFIDENTIAL # 3
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