TNAG-1457-FCO40-1981-Relations-between-Hong-Kong-and-China-1986 — Page 79

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8

Visible trade between Hong Kong and China

17.

China remained Hong Kong's largest trading partner in the fourth quarter of 1985. Total visible

trade between Hong Kong and China, at HK$32,319 million,

increased by 12% over the fourth quarter 1984. For the

year as a whole, total visible trade between Hong Kong and China grew by 26% to HK$120,175 million.

18.-. In terms of Hong Kong's total domestic exports, China's share, as a market was 10% in the fourth quarter of 1985, compared with 13% in the first half of the year and 10% in the third quarter. China remained the largest market for Hong Kong's re-exports although its share declined during the year. In the fourth quarter of 1985,

re-exports to China accounted for 39% of total

re-exports. This compared with 47% in the first half of the year and 42% in the third quarter.

Hong Kong's exports to China

Domestic

Growth rate in money

Growth

rate in money

exports (HK$Mn)

terms#

($)

Re-exports

(HK$Mn)

terms#

(8)

1985 Q1

3,912

97

11,812

149

Q2

4,006

57

12,826

132

Q3

3,604

22

10,940

51

Q4

3,667

-3

10,445

-1

Annual

15,189

35

46,023

64

# over same period of the previous year

CONFIDENTIAL #≈