GF 323
CONFIDENTIAL
機密
- 2
contemplating
(paragraph
to
9).
introduce more
price.
reforms
Even though the overall rate of
inflation was still low, inflationary pressures were building up in the cities (paragraph 10).
(5) Due to a significant pick-up in the growth rate of
imports, China's visible trade surplus narrowed to
(6)
US$1.4 billion in the second quarter of 1991
(paragraph 11).
The share of total exports by
foreign-funded enterprises in China increased further
15.5% in the first half of 1991, from 12.6% in 1990
(paragraph 12).
to
On external borrowing, the World Bank and the Asian
Development Bank had both relaxed their stance in
lending to China (paragraphs 13 and 14). The Chinese
government and the enterprises had resumed their
overseas fund-raising activities in 1991 (paragraph
15).
In the first half of 1991, the pledged and
realised values of foreign loans amounted to US$3.2
billion and US$3.1 billion respectively (paragraph
17).
(7)
(8)
In the first half of 1991, the pledged and realised
value of direct foreign investment amounted to US$4.5 billion and US$1.7 billion respectively, representing
increases of 94% and 35% over the same period in
1990.
The central government intends to channel new foreign investment into the bottleneck sectors and the more inland provinces (paragraph 18).
The
but
growth rate of Guangdong's economy remained rapid, its general level of retail prices continued to
industrial growth in Guangdong is likely to be constrained by the shortages of
decline.
Future
CONFIDENTIAL
機密
Daca a
GF 323
CONFIDENTIAL
3
機密
(9)
materials
(paragraph
20).
external sector was also in a buoyant
electricity
and raw
Guangdong's
state (paragraph 21).
In the first half of 1991, China and Hong Kong
remained each other's largest trading partner. The
value of total visible trade between them reached
HK$221 billion (paragraph 24), with Hong Kong
incurring a visible trade deficit of HK$37 billion
(paragraph 29).
(10) In the first half of 1991, the values of Hong Kong's domestic exports and re-exports to China increased by
14% and 34% respectively. Apart from the continued
growth in outward processing trade, relaxation of
import control by the Chinese government on raw
materials and capital goods also contributed to the
growth in Hong Kong's exports to China (paragraph 25).
continued
(11) The growth in Hong Kong's re-exports of China origin
remained rapid, at 31% in money terms in the first
half of 1991 (paragraph 27). On the other hand, the
value of
Hong Kong's retained imports of China origin
to decline in absolute terms as well as
relative to other sources of supply. This trend was
related at
least in part to the continued development
processing activities, which resulted in
being shipped out from China as re-exports
through Hong Kong to overseas markets rather than as
imports into Hong Kong for further processing
(paragraph 28).
of outward
more goods
(12) Cross-border
interbank
activities
continued
to
30).
increase in the second quarter of 1991 (paragraph Fund-raising activities in Hong Kong for financing investment in China had revived since the
beginning of this year
(paragraph 32). During the
機密
CONFIDENTIAL ##
Tage
Tage z
No comments yet.
Private notes are available after approval.