TNAG-1623-FCO40-2237-Relations-between-Hong-Kong-and-China-1987 — Page 117

G.F. 326

CON

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18

25.

Hong Kong's imports from China also increased

substantially in the first quarter of 1987. The value of such imports, at HK$23,172 million (US$2,970 million),

was 52% higher than in the same quarter in 1986. This

increase was partly due to a rapid growth in re-exports

of China origin, reflecting the success of China's

efforts to promote its exports. In the first quarter of

1987, the value of such re-exports increased by 74% over

the same quarter in 1986. The increase in compensation trade and outward processing arrangements was another

factor behind the substantial increase in imports from

China.

Hong Kong's imports and re-exports from China

Re-exports of China

Imports

Growth

from China

rate #

origin

Growth rate #

(HK$Mn)

( 8 )

(HK$Mn)

( 8 )

1985 ΟΙ

12,094

-3

7,464

19

Q2

13,572

-6

8,281

17

Q3

15,090

LO

5

9,069

24

04

18,206

26

9,815

31

Annual

58,963

6

34,628

23

1986

Q1

15,241

26

9,489

27

Q2

19,650

45

11,778

42

Q3

21,774

44

14,143

56

Q4

24,968

37

16,188

65

Annual

81,633

38

51,597

49

1987

Q1

23,172

52

16,499

74

# in money terms

CONFIDENTIAL # *