TNAG-2292-FCO40-3304-Official-visits-from-Hong-Kong-to-China-1991 — Page 30

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provided a key impetus to the growth in Hong Kong's exports

to China, particularly in the case of domestic exports, in

which outward processing

trade had

a. distinct

significance(31).

Domestic

Year-on-year

exports

growth rate

Re-exports

to China in money terms

to China

(HK$Mn)

(%)

(HK$Mn)

Year-on-year

growth rate in money terms

(%)

1990 Annual

47,470

10

110,908

7

H1 H2

21,328

4

50,212

-4

26,141

15

60,696

19

1991 Q1

10,247

10

28,842

28

Q2

14,057

17

38,687

39

H1

24,303

14

67,530

34

26.

Statistics on Hong Kong's imports, imports and re-exports of China origin are given below:

Year-on- Imports Year-on-

retained

year

of China

growth

origin

year growth

Imports

rate in

retained rate in

of China

money

in Hong

money

Re-exports of China

origin

terms

Kong*

terms

origin

(HKSMn)

(유)

(HK$Mn)

(%)

(HK$Mn)

Year-on-

year growth rate in money terms (3)

1990 Annual 229,992

21

19,105

-20

240,410

28

H1

100,529

16

10,710

-22

102,393

25

H2

129,463

24

8,395

-17

138,017

30

1991 Q1

55,552

24

2,844

-38

60,086

31

Q2 H1

70,216

26

5,516

-10

73,757

30

125,767

25

8,360

-22

133,843

31

*

For analytical purposes, a re-export margin of 12% has been assumed in deriving the values and growth rates of retained imports.

(31)

In the first quarter of 1991, 56% of Hong Kong's exports to China (79% in respect of domestic exports and 48% in respect of re-exports) were for outward processing. The values of Hong Kong's domestic exports and re-exports to China for outward processing increased by 13% and 28% respectively in of 1991 over the same quarter in

the first

1990.

quarter

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