June 19, 2008
Hong Kong’s Exports to China for Outward Processing Fall Two Per Cent
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
[Xinhua: "Hong Kong's Outward Processing Fall 2 Pct in Q1"]
HONG KONG, June 19 (Xinhua) - Hong Kong's total exports to the Chinese mainland for outward processing dropped 2 per cent to 101.5bn HK dollars (about 13bn US dollars) in the first quarter of 2008 year on year, the Census and Statistics Department said here Thursday [19 June].
The value of domestic exports to the Chinese mainland for outward processing also fell 8 per cent to 3.4bn HK dollars (436m US dollars) while re-exports to the Chinese mainland dipped 1 per cent to 98.2bn HK dollars (12.6bn US dollars).
The value of imports from the Chinese mainland related to outward processing rose 2 per cent to 184.1bn HK dollars (23.6bn US dollars), according to the department.
Meanwhile, Hong Kong's re-exports of Chinese mainland origin to other places through outward processing expanded 13 per cent to 203.5bn HK dollars (26.1bn US dollars).
Of Hong Kong's total exports to the Chinese mainland, 33 per cent were for outward processing, 40 per cent for domestic exports and 32 per cent for re-exports.
During the first quarter in 2008, 59 per cent of imports from the Chinese mainland to Hong Kong were related to outward processing, and 81 per cent of Hong Kong's re-exports of Chinese mainland origin to other places were produced through outward processing in the Chinese mainland.
Originally published by Xinhua news agency, Beijing, in English 1338 19 Jun 08.
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