P.2
import technology from Hong Kong to set up factories with items produced for-export. A careful analysis shows that the new trading attitude of China places Hong Kong in the disadvantage. In the long run, the establishment
of, export-orientated factories in China may prove to be the prologus to closure and retrenchment of factories or even unemployment in HK, and ultimately
producing a damaging effect on HK's economic future.
It is by providing auxiliary services in trade and industry to China that Hong Kong. can play an important role as a middleman in the development
of China's external trade.
Issue Number : 54/78
Date: 12/7/78