The Economy of China and Hong Kong - China Economic Relations
1992
Nov
Change over
the same period in
1991 ($)
Jan-Nov
Change over
the same
period in
1991
(*)
(I) China's Economy
Gross industrial output (Rmb bn)
260.9
26.1
2,551.1
20.4
Light industrial output
126.3
24.5
1,214.5
18.4
Heavy industrial output
134.6
27.6
1,336.6
22.2
Retail sales (Rmb bn)
95.8
17.0
976.2
14.9
Investment in fixed assets undertaken
50.1
42.1
337.3
37.7
by state-owned enterprises (Rmb bn)
Rate of inflation (%)
6.4
5.0
(For October and January-October)
Total trade (US$ bn)
16.2
30.4
140.9
20.8
Exports
8.5
28.7
73.7
18.2
Imports
7.6
32.3
67.3
23.8
Visible trade surplus/deficit
0.9
6.4
Foreign exchange reserves (US$ bn)
45.1
(As at end-June 1992)
(II) Hong Kong/China Visible Trade (HK$ bn)
Domestic exports to China
5.5
11.9
56.1
14.5
Re-exports to China
20.6
39.4
189.7
38.2
Total exports to China
26.2
32.5
245.7
32.0
Imports from China
31.0
12.4
322.6
22.1
Total trade with China
57.2
20.8
568.3
26.2
Visible trade balance with China
-4.9
-76.8
Re-exports of China origin#
35.9
14.3
368.1
29.0
#
Individual shipments of re-exports post a value which is usually higher than that of the corresponding shipments of imports, because a trade margin is added on during the course of re-export. This trade margin tends to vary amongst commodities and between different periods.
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