TNAG-1370-FCO40-1816-Relations-between-Hong-Kong-and-China-1985 — Page 84

Attachment B

Hong Kong's importance as a foreign exchange earner of China

US$Mn

1978

1979

1980

1981 1

1982

1983

1984

I

China's total merchandise exports

China total service receipts **

9,750

13,660

18,270

20,890 121,125

20,707

23,905

1,200

1,900

2,800

3,400

4,090

4,539

5,261

(a) China's gross foreign exchange earning (excluding loans & capital flows)

10,950

15,560

21,070

24,290

25,215

25,246

29,166

China's merchandise exports to Hong Kong

2,252

3,024

4,411

5,276

5,424

5,888

7,131

Expenditure by HK residents in China

144

299

449

512

516

600

797

Remittances, etc.

520

642

827

887

923

860.

958

Investment profits of China corporation in HK 323

413

569

610

635

591

659

į

(b) China's gross foreign exchange earnings

from Hong Kong

3,239

4,378

6,256

7,285

1 7,498

7,939

9,545

Less merchandise imported from Hong Kong

63

384

1,256

1,961

1,943

2,531

5,033

net importation of services (other than travel & tourism) from Hong Kong

29

60

90

102

103

120

159

1

(c)

China's net foreign exchange earnings from Hong Kong

3,147

3,934

4,910

5,222

5,452

5,288

4,353

(b) as % of (a)

(c) as % of (a)

30

28

30

30

30

31

33

29

25

23

21

22

21

15

Source :

* China's Ministry of Foreign Economic Relations and Trade ** Jetro's China Newsletter No. 49 March

April 1984

}

from 1978 to 1981

Jetro's China Newsletter No. 57 July Aug 1985

Extracted from balance of payments statistics released by the People's Bank of China