TNAG-1457-FCO40-1981-Relations-between-Hong-Kong-and-China-1986 — Page 204

increased by 21% over the tharo quart last year. For the first three quarters as a whole, tot visible trade between Hong Kong and Chind rose by 33% to HK$87,657

million.

13.

In terms of Hong Kong's total domestic exports, China's share as a market was 10% in the third quarter of this year, compared with 8% in 1984 and 13% in the first half of this year. China also remained the largest market for long Kong's re-exports, accounting for 42% of total re-exports in the third quarter of 1985, against 34% in 1984 and 47% in the first half of this year.

Hong_Kong's exports to China

Domestic Growth

Growth

(3)

exports rate # Re-exports rate # (UK$Mn)

(HK$MI)

(0)

1st quarter of 1985

3,912

97

11,812

149

2nd quarter of 1985

4,006

57

12,826

132

3rd quarter of 1985

1st

3rd quarter of 1985

3,604

22

10,940

51

11,522

54

35,578

103

14.

same period of previous year

Due to China's clampdown on foreign exchange spending, the third quarter of 1985 saw a sharp tapering off in the growth rates of Hong Kong's domestic exports and re-exports to China. The foreign exchange freeze imposed by China in March 1985 was originally intended to last for only three months.

But there has to date been no

INGIDENIZLA I KK EX