TNAG-2791-FCO40-4030-Relations-between-Hong-Kong-and-China.-With-maps-1993 — Page 35

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25.

Statistics on Hong Kong's imports,

retained

imports and re-exports of China origin are given below:

Year-on-

year growth

Imports rate in of China money

origin_terms

Year-on-

year

Retained growth imports rate in of China money

terms

Year-on-

year

growth

Re-exports rate in

of China

money

(HK$Bn)

(%)

origin* (HK$BN)

origin

terms

(%)

(HK$Bn)

(*)

1991 Annual

285.3

24

34.

4

10

315.7

31

H1

125.8

25

19.4

22

133.8

H2

159.5

23

15.0

-2

181.8

3 3

31 32

1992 Annual

342.0

20

21.2

-38

403.8

H1

156.2

24

14.7

-24

178.

0

H2

185.9

17.

6.5

-57

225.8

32

28

33

24

34

aaaa

Q1

70.0

26

5.7

-26

80.9

35

Q2

86.1

23

9.0

-23

97.1

32

Q3

92.5

19

2.8

-62

112.9

28

Q4

93.4

14

3.7

-52

112.9

21

For analytical purposes, a re-export margin is adopted in deriving the values and growth rates of retained imports. This margin tends to vary amongst commodities and between different periods and is subject to revision when more up-to-date information is available.

26.

In 1992, Hong Kong's re-exports of China origin

recorded a further substantial increase of 28%, after a

31% rise in 1991. These re-exports accounted for some 94%

of the total imports of China origin. The surge in Hong Kong's industrial investment and outward processing

activities across the border, as well as increased demand

for Chinese products in overseas markets, contributed to

the continued rapid growth. Feedback from Hong Kong manufacturers who operated production units in South China suggested that inadequate port facilities and infrequent international shipping schedules were the two main obstacles discouraging producers in South China from having

direct shipments from China's ports. Most of them

preferred to have their finished products delivered to Hong Kong and then shipped out as re-exports of China origin.

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