TNAG-1457-FCO40-1981-Relations-between-Hong-Kong-and-China-1986 — Page 82

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period in 1984, re-exports to China of most items started to decline in the fourth quarter of 1985. Re-exports of

office machines, telecommunications, sound recording and

reproducing apparatus, road vehicles and electrical machinery fell, by 75%, 55%, 51% and 9% in money terms

respectively. Re-exports of textile yarn, however, rose

by 25%.

-

21.

Imports from China, however, increased

substantially in the fourth quarter of 1985. Compared with the same period in 1984, the value of imports from

China increased by 26% to HK$18,206 million.

For the year as a whole, the value of imports from China amounted to

HK$58,962 million, 5.8% higher than in 1984.

Imports (HK$Mn)

Growth rate in money_terms#

($ )

1985 Q1

12,094

-3

Q2

13,572

-6

Q3

15,090

5

04

18,206

26

Annual

58,962

6

22.

over same period in the previous year.

About 54% of the goods imported from China in the fourth quarter of 1985 were subsequently re-exported elsewhere. Re-exports of China origin to the rest of the world accounted for 37% of Hong Kong's total re-exports. The respective proportions for 1985 as a whole were 59%

and 33%.

CONFIDENTIAL # 3

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