TNAG-2791-FCO40-4030-Relations-between-Hong-Kong-and-China.-With-maps-1993 — Page 33

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23.

The values of

Hong

Kong's domestic exports and

re-exports to China continued to grow rapidly in the fourth quarter of 1992, by 10% and 41% respectively. For the year as a whole, the corresponding growth rates were 14% and

were attributable to the

outward processing activities across as the greater absorption of imports

38%.

These marked increases

continued growth in

the border, as well

for China's own use.

Domestic

Year-on-year

Year-on-year

exports

growth rate

Re-exports

growth rate

to China in money terms

to China in money terms

(HK$BN)

( %)

(HK$Bn)

(*)

1991 Annual

54.4

15

153.3

38

H1 H2

24.3

14

67.5

34

30.1

15

85.8

41

1992 Annual

62.0

14

212.1

38

H1

28.5

17

95.2

H2

33.5

11

116.9

43

41

36

Q1

aaaa

11.9

16

41.1

42

Q2

16.

6

18

54.1

40

Q3

16.

4

12

53.9

31

Q4

17.1

10

63.0

41

24.

In the first three quarters of 1992, 54% of Hong Kong's exports to China (75% in respect of domestic exports

and 48% in

respect of re-exports) were related to outward processing. While domestic exports and re-exports to China

for outward

processing

purposes

continued to grow

GF 323

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