Hong Kong, China
No. 28574. Agreement between the Government of Australia and the Government of Hong Kong (under an entrustment of authority by the United Kingdom Government) concerning the investigation of drug trafficking and the confiscation of the proceeds of drug trafficking. Signed at Hong Kong on 22 April 1991
No. 32151. Hong Kong (Under an Entrustment of Authority from the United Kingdom Government) and New Zealand
Agreement for the promotion and protection of investments. Signed at Hong Kong on 6 July 1995
China, Hong Kong SAR
Reply to the United Nations National Accounts Questionnaire from the Census and Statistics Department (C&), Hong Kong. Earlier replies were received from the Overseas Development Administration, Foreign and Commonwealth Office, London. The official estimates are published in a series of annual and quarterly publications titled "Gross Domestic Product". The information is also available on the C&SD website (http://www.censtatd.gov.hk).
South-east Asia, Hong Kong and the Republic of Korea
The five ASEAN countries and Burma had strong rates of economic growth during the late 1970s, at least twice the average for advanced countries, and Hong Kong and the Republic of Korea had even stronger growth rates. In 1980 these rates were maintained or improved, except in the Philippines and Thailand where they nevertheless remained high, and in the Republic of Korea, where disastrous harvests and other troubles led to a decline of over 6 per cent in real GDP. Although world recession in 1981 reduced the average growth rate for advanced countries to less than 2 per cent, growth rates in these south-east and east Asian countries and areas ranged from 5 per cent in the Philippines to over 10 per cent in Hong Kong, despite falls in the prices of leading export commodities and greater difficulties in marketing exports of manufactures. Economic conditions also improved in Democratic Kampuchea, Lao People’s Democratic Republic and Viet Nam. There were, however, some troubles over the balance of external payments in the Philippines, the Republic of Korea and Thailand, and these last two countries had to devalue their currencies. Indonesia and Malaysia had reduced export surpluses, but not enough to cause serious trouble. Except in Burma, inflation was a problem with rates ranging, in 1980, from 7 to 9 per cent in Malaysia and Singapore to 29 per cent in the Republic of Korea. Nor was there much reduction of inflation in the first half of 1981. There were large increases of liquidity to fuel these inflations, although monetary restraint was being attempted in most of these countries during 1981, together with efforts to reduce large over-all fiscal deficits.
Hong Kong
Hong Kong’s economy depends primarily on its entrepot trade. With an area of 391 square miles and a population of 2.25 million, it ranked fifth in 1950 among ECAFE countries in total value of trade, those with larger trade being China (mainland and Taiwan), Japan, India and Malaya. With deep water wharves, speed in turning round ships and repairing them, excellent storage facilities, low port dues and handling charges, and duty-free entry of most goods, it has served as an important distributing centre in the trade between China, South-East Asian countries and the rest of the world. Continuous political stability, excellent banking and insurance services and the existence of a more or less free exchange market have also facilitated its entrepot trade.
Hong Kong
Hong Kong, with a relatively high per capita income for the region, has undergone a rapid industrial development over the past three or four years, following the decline of its entrepot trade with mainland China. Since 1953 this trade decline itself has been partially compensated by a redirection of the trade, and tonnages handled have increased.
Hong Kong
A substantial increase in the total value of trade, a continuing high level of private and public construction activity and further progress in manufacturing combined to make 1956 a comparatively prosperous year in Hong Kong. Trade with most major trading partners increased; the estimated total value of trade for the year exceeded even that of 1950, a boom year because of the Korean conflict. Increased competition from manufactured products of Japan and other more recently developing countries of Asia, however, suggested the need for continued improvement in productivity.