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(11) Hong Kong's exports to China in 1988 benefited from
China's rapid economic growth and its need to import
more to satisfy its domestic demand. Hong Kong's
export growth to China in 1989 is likely to be slower than in 1988. This may be no bad thing given that Hong Kong is presently suffering from the
inflationary consequences of excess demand for its
products (paragraph 44).
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GF 323
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