TNAG-2792-FCO40-4031-Relations-between-Hong-Kong-and-China-1993 — Page 62

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

GF 323

CONFIDENTIAL

6

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respectively (8)

A

the

variety of factors, including

extent of availability, quality and price competitiveness

of locally produced goods and import substitutes as

those of imports,

compared

to

consumer taste and preference,

this growth pattern.

as well as changes in

could have contributed to

7.

The national inflation

rate, as measured by the

General Retail Price Index,

recorded a pronounced

acceleration from 5.4% in 1992 to 8.6% in the first quarter

(8) Year-on-year growth rates in real terms of the output

of selected consumer durables:

1992

1993 01 1993 02 1993 HI

(응)

(%)

(응)

(%)

Bicycles

11.1

-0.7

4.0

1.7

Cameras

13.7

49.9

-5.3

22.3

Recorders

-6.2

16.0

-11.5

2.2

Colour TV sets

10.0

-6.4

-0.8

-3.6

*

Automobiles"

51.8

47.1

41.3

44.2

*

Including goods vehicles, the output of which showed an increase of 32% in the first half of 1993 over a year earlier. They accounted for around 45% of the total number of automobiles produced.

CONFIDENTIAL

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