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DAILY REVIEW OF BUSINESS TOPICS IN THE CHINESE LANGUAGE PRESS
Translated by the Trade Industry and Customs Department, Ocean Centre, Kowloon, Hong Kong.
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PROCESSING OF EK PRODUCTS IN CHINA BRISTLES WITH DIFFICULTIES
INDEX
OFFICUR
BY
Ming Pao Evening News (2/9/78)
No
Reliable sources disclosed that HK has been dispatching processing
orders to China since early this year, the largest of which are for garments,
electronics, leather goods and gloves. Orders now under negotiation are for
clocks and watches, cameras and plastic products.
However, certain problems reamin to be settled regarding HK goods
being processed in China, e.g. how to determine the processing charges, transo
port of products, communication and export of processed products.
A well-known industrialist in HK said although he was eager to
send his goods, viz. clocks and watchea to China for processing, the problem
of certification of origin worried him. Were he to deliver the clocks and
watches to China for processing or assemblage, he would not qualify for the
issue of a HK Certificate of Origin. At present, he said, the parties concerned
are studying this problem.
It is believed, said the newspaper, that despite all the existing
difficulties, the future of this line of business is bright. By the creation
of processing areas for unfinished products from overseas, China aims at not
only increasing its revenue but also training up its skeleton staff of technicians
and learning from countries abroad industrial management expertise, so as to
bring about improvement in its home industries. HK manufacturers, on the
other hand, also feel that such arrangement will relieve them, to a certain
extent, from the pressure of high workers' wages and rentals of factory premises.
Since both parties will benefit from this arrangement, it is expected that
the parties concerned in China and HK will work hard to overcome the existing
difficulties.
Issue Number: 69/78
Date: 5/9/78