TNAG-1873-FCO40-2661-Relations-between-Hong-Kong-and-China-1989 — Page 152

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31

(28) (29)

first eight months of 1988

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However, the

prices of goods from China did increase significantly at

(28) Year-on-year rate of increase in the unit value

indexes of imports from China :

Third quarter

of 1988

First half

of 1988

(%)

( % )

All imports

1.6

1.0

Foodstuffs

3.2

2.0

Consumer goods

-0.7

-0.5

Raw materials

3.9

2.4

and semi-

manufactures

Fuels

Capital goods

-0.6

4.8

-5.7

3.8

(29) For detail explanation of this apparent

inconsistency, please refer to paragraph 41 of CRC INF 13/88 "Inflation in China and its implications for the economies of China and Hong Kong".

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