TNAG-2791-FCO40-4030-Relations-between-Hong-Kong-and-China.-With-maps-1993 — Page 36

GF 323

CONFIDENTIAL

19

機密

For those Hong

Kong manufacturers who operated production

units in different locations in China, they had to carry out consolidation and packaging in Hong Kong before sending

the goods overseas.

27.

Among the major sources of Hong Kong's retained imports, China ranked the sixth, after Japan, the United

States, Taiwan, South Korea and Singapore (22). In 1992,

retained

earlier.

in Hong

period.

imports from China fell by 38.4% over a year This contrasted sharply with an increase of 13.7%

Kong's total retained imports over the same

Local demand for Chinese goods had been on a trend in recent years To a large extent this the reduced popularity

popularity of Chinese goods in the Hong Kong market, as their quality was often lower than that of similar products imported from elsewhere.

declining

reflected

28.

Bringing the relevant imports and exports figures

together, in 1992 Hong Kong incurred a visible trade deficit of HK$80.3 billion with China, which was smaller

than the deficit of HK$85.6 billion in 1991.

1991 (HK$Bn)

1992 (HK$Bn)

Domestic exports to China

54.4

62.0

Re-exports to China

153.3

212.1

Total exports to China

207.7

274.1

Imports from China*

293.4

354.3

Total visible trade with China

501.1

628.4

Visible trade balance with China

-85.6

-80.3

This is

slightly larger than imports of China origin because a small proportion of the goods imported from China are produced in other places like Japan, the United States, Taiwan and South Korea.

(22)

In 1992, Japan was the most important source of Hong Kong's retained imports (accounting for 27% of the total). It was followed by the United States (12%), South Korea (7%), Singapore (6%), and

(10%),

Taiwan China (6%).

CONFIDENTIAL

機密