CONFIDENTIAL
16
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22.
About 60% of the goods imported from China in the second quarter of 1986 were subsequently re-exported elsewhere. Re-exports of China origin through Hong Kong to the rest of the world accounted for 41% of Hong Kong's
total re-exports.
23.
Analysed by products, imports from China of telecommunication, sound recording and reproducing
apparatus, vegetables and fruit, clothing, textile yarn
and fabrics, and travel goods and handbags all recorded substantial increases in money terms in the second quarter
of 1986.
24.
The decline in total exports to China (as the
fall in re-exports offset the slight increase in domestic
exports), coupled with a substantial increase in imports
from China, resulted in a visible trade deficit of
HK$5,774 million with China in the second quarter of
1986. For the first half as a whole, the visible trade
deficit with China stood at HK$9,914 million.
1986 Q2
(HK$Mn)
1986 H1
(HK$Mn)
Domestic exports to China
4,213
7,349
Re-exports to China
9,664
17,628
Total exports to China
13,877
24,977
Imports from China
19,650
34,891
Visible trade balance
with China
-5,774
-9,914
G.F. 326
CONFIDENTIAL #
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