TNAG-2242-FCO40-3223-Most-favoured-nation-status-for-China-impact-on-Hong-Kong-1991 — Page 102

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(b) Medium impact

magnitude

products

-

Th B

impact

if the new import

competitors.

are

close to

will he MF mo..iiim

nricae of China

those of other

If the China products dominate the

all other suppliers are ready to

larger proportion of the market

US market. not

take UD a much

due to capacity constraints or other reasons.

such

circumstances.

the

impact will

In

he

の声

'medium-low magnitude and it is estimated that

exports of China of these producte will decreage

by 30-50%.

On the other hand. if the China

products account for a small or not dominant

share in the US market (i.e. the market is

competitive),

many other suppliers will be able

to

take up much though probably not all of the

market share which China mav lose

circumstances,

the

impact

will

qytཀh

be of

'medium-high' magnitude and it is estimated that

exports of China of these products to the TIS will

decrease by 50-70%.

-

(c) High impact

import prices of China products are much higher

than those of its competitors

The impact will be high if the now

Moreover if

China's share in the US market of such products is relatively small. other competitors wil7 he able to take up most of the market share lost by

China.

In such circumstances. it is estimated

Chal exports of unina of these products to the US

will decrease by 70-80%-

These

assessments

are

by and large judgemental and AYO

subject to many limitations. including in particular that

of data availability and comparability.

(19)

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