TNAG-2292-FCO40-3304-Official-visits-from-Hong-Kong-to-China-1991 — Page 27

機密

CONFIDENTIAL ##

17

enterprises

in

which tends to

Guangdong

than in other

provinces (30)

pull up the efficiency of the state-owned

growth rate of output of the state-owned

enterprises in Guangdong in the first half of 1991, at 20%,

was more than double the national average.

enterprises,

21.

the

Guangdong's external sector also

grew rapidly.

In the first half of 1991, Guangdong's total exports

amounted to US$5.6 billion, representing an increase of 18%

in money terms compared with the same period in 1990.

Exports by the conventional foreign trade corporations

increased less rapidly, by 11% to US$3.3 billion. Exports

by foreign-funded enterprises and by processing units amounted to US$1.9 billion and US$0.3 billion, representing increases of 31% and 34% respectively. These two types of

industrial undertakings together accounted for 40.8% of

Guangdong's total exports in the first half of 1991.

22.

its

The economy of Shenzhen City was even more buoyant than that of the Guangdong Province in general but

growth rate of exports was slower. The following table

highlights the economic performance of Guangdong and

Shenzhen in the first half of 1991, in comparison with that

for the country as a whole:

(30) In 1990 foreign-funded enterprises accounted for 20% of Guangdong's gross industrial output, while it was only 3% for the country as a whole. In Shenzhen City, the share of foreign-funded enterprises in the total industrial output was even higher, at 69.2% in the first half of 1991.

GF 323

CONFIDENTIAL

機密