The very
and
some
continue to benefit from China's rapid economic growth and its need to import more to satisfy its domestic demand. rapid
rates growth
of Hong Kong's domestic export s re-exports in the first eleven months of 1988 provide evidence of this happening. Exports to meet China's domestic demand, rather than for outward processing, are believed to have grown rapidly compared with 1987.
Domestic
export s Year-on-year
to China
growth rate #
(HK$ Mn)
(%)
Re-exports to China (HK$ Mn)
Year-on-year
growth rate #
(%)
1987
Q1
5,552
77
11,808
48
Q2
6,852
63
14.228
47
>
Q3
7,378
52
15,746
53
Q4
8,090
39
18,388
42
Annual
27,871
55
60,170
47
1988
Q1
6,844
23
16,814
42
Q2
9,156
34
22,230
56
Q3
10,930
48
26,117
66
Oct
3,636
44
9,196
66
Nov
3,850
48
10,195
73
Jan Nov 34,415*
38
84,552
59
Annual**
38,000
36
93,500
55
#
In money terms
*
**
The slight difference is due to rounding
forecast
CONFIDENTIAL
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