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Import/Export |
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“China is more export minded” (Ma, Hong Kong University student, May 25, 2006)
| Journal Entry, May
25, 2006...Elba Isabel Boe Hong Kong is the export door of Chinese manufactured goods. Merchandise is exported to Hong Kong and then re-exported. Manufacturers export in this manner to avoid Chinese bureaucracy, legal procedures, and taxes. They export mainly tech, agricultural, and manufactured goods from mainland China. China imports through Hong Kong mainly raw materials. They have very high tariffs for manufactured goods. For example, a 200% tariff is imposed to Japan for auto parts. Gradually China is facilitating other sea-ports, like Shanghai, and Hong Kong will be loosing its export/import position. In 2047, all of China’s sea-ports, Hong Kong included, will be able to handle foreign trade on an equal basis. |
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Students at Hong Kong University May 2006 |