GF 323
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18
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wake of the
sharp
depreciation of the Renminbi and the
deteriorating trade balance in China, Hong Kong's exports
to China for its own consumption are likely to be dampened
restraint measures announced by the
in due course.
The
Chinese
government on
such a tendency.
3 July can be expected to reinforce
22.
Statistics on
Hong Kong's imports, retained
imports and re-exports of China origin are given below:
Year-on-
year growth
Year-on-
year
Imports
rate in
of China money
Retained growth imports rate in of China money
Year-on-
year growth
Re-exports rate in
of China
money
origin
terms
origin*
terms
(HK$Bn)
(8%)
(HK$Bn)
(응)
origin (HK$Bn)
terms
(%)
1992 Annual
342.0
20
30.7
-11
403.8
28
H1
156.2
24
18.9
-3
178.0
33
H2
185.9
17
11.8
-21
225.8
24
Q1
70.0
26
7.7
-2
80.9
35
Q2
86.
1
23
11.2
-3
97.1
32
Q3
92.5
19
5.5
-26
112.9
28
Q4
93.4
14
6.4
-17
112.9
21
1993 K1
174.2
12
14.3
-24
209.2
18
22
Q1
80.1
14
Q2
94.1
49
6.2
-19
96.7
20
8.1
-28
112.5
16
(*) 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.
23.
As
well
These
as Hong Kong's largest re-export
destination, China was the most important source of goods re-exported through Hong Kong, providing 56% by value of
all the re-exports. In the first half of 1993, re-exports
of China origin grew by 18% in value terms.
re-exports accounted for as much as 93% of Hong Kong's
total imports of China origin. The continuous expansion in
Hong Kong's industrial investment and outward processing activities across the border, coupled with a keen demand
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