TNAG-1873-FCO40-2661-Relations-between-Hong-Kong-and-China-1989 — Page 177

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4

higher than the national average

(7).

Since 1986

Guangdong has become the top exporting province in China though its contribution to the national income is only the third largest. In 1987, Guangdong's exports amounted to US$5.5 billion, 29% more than in 1986 and about 16% of the

(8) national total

6.

Having grown by 29.5% in real terms in 1987, Guangdong's gross industrial output increased by 31.1% in real terms in the first half of 1988. In 1987, about one quarter of Guangdong's industrial output was exported. This proportion may have increased further in the first half of 1988. The US dollar value of Guangdong's

(7)

(8)

Exports in relation to national income in 1986* :

China

Guangdong

(i) Exports (US$bn)**

27.0

4.3

(ii) National income (US$bn)

225.1

16.4

(i) as a proportion of (ii) (%)

12.0

26.2

*

1987 cannot be used for comparison as

Guangdong's contribution to the national income for that year is not yet available.

** Based on trade statistics provided by MOFERT.

Source Statistical Yearbook of China, 1987.

Almanac of China's Foreign Economic

Relations and Trade, 1987.

Computed on the basis of MOFERT statistics

(footnote (3)).

(..F. 326

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