The characteristics of HK’s trade pattern after the opening up of China during 80s and 90sQuestion 19Answera.A large proportion of HK’s exports were domestic exports.b.Exports of services were not significant in HK’s tradec.Re-exports shared a large proportion in HK’ total exportsd.None of them
Question
The characteristics of HK’s trade pattern after the opening up of China during 80s and 90sQuestion 19Answera.A large proportion of HK’s exports were domestic exports.b.Exports of services were not significant in HK’s tradec.Re-exports shared a large proportion in HK’ total exportsd.None of them
Solution
The characteristics of Hong Kong's trade pattern after the opening up of China during the 80s and 90s were quite significant.
a. A large proportion of HK’s exports were domestic exports: This is true. After China opened up its economy, Hong Kong, being geographically close and historically connected, became a significant trading partner. A large proportion of Hong Kong's exports were indeed domestic exports, meaning goods produced in Hong Kong were exported to China.
b. Exports of services were not significant in HK’s trade: This is not entirely accurate. While it's true that the manufacturing sector played a major role in Hong Kong's export economy, the service sector also started to gain importance during the 80s and 90s. Services like finance, insurance, real estate, and business services began to contribute significantly to Hong Kong's GDP.
c. Re-exports shared a large proportion in HK’s total exports: This is true. Re-exports refer to the export of foreign goods in the same state as previously imported; from the perspective of the country of re-export, these are considered as export goods, not as imported goods. Hong Kong, due to its strategic location and well-established shipping industry, became a significant re-export hub.
d. None of them: This is not true. As explained above, both a and c are correct.
So, the answer would be a and c.
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