TNAG-1873-FCO40-2661-Relations-between-Hong-Kong-and-China-1989 — Page 95

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CONFIDENTIAL

2

機密

residents.

The following table highlights the economic

achievement of Shenzhen since the establishment of its SEZ

in 1980 :

Average

Value * in 1987

(Rmb bn)

1986

(8)

Increase **

over

1979 (%)

growth rate

between 1979 and 1987 (8 years) ( 8 )

yea

annual

Gross

5.76

61.6

9,500

77

industrial

output

Retail sales

3.3

14.7

2,122

47

Fiscal

1.13

20

3,129

54

revenues

*

At current prices

**

In money terms

Sources: Statistical Yearbook of China, various issues.

Press reports.

3.

More up-to-date statistics indicate that the

values of gross industrial output and retail sales in the

first nine months of 1988, at Rmb 5.95 billion and 3.72

billion, had already exceeded the whole of 1987 and the

year-on-year growth rates were 50% and 79% respectively.

Compared with what was seen on previous

4.

(2)

visits

J

the SSEZ has developed considerably.

The

(2)

Some members of this team had visited the SSEZ in both 1985 and 1986.

CONFIDENTIAL **