(ii) Manufacturing
22.
While the tertiary services
economy still the
sectors of our have developed rapidly our manufacturing sector, backbone of our economy and the main employer, has also grown, Diversification has taken place, in
albeit at a slower rate.
to
changing market response
The technology + recommendations of the
conditioné
changes and
in
progressive the Advisory Committee
implementation
of
the
on Diversification
has helped this process.
23.
On
of
These
That Committee recommended inter alia that Government industrial the promotion should put MOTE emphasis
oversea8 industrial promotion offices have Four investment. accordingly been established : in the United Kingdom, Japan, the Federal Republic of Germany and the United States. offices are equipped to identify, develop and maintain contact with overseas companies interested in establishing industrial
00 either
in joint facilities in Hong Kong, ventures with local industrialists.
24.
their
Or own
Our entrepreneurs and industrialists
-
www.
and those who
It is not
within
Work for them are experiencing difficult times. Our policy to intervene directly and interfere with market forces, but the Government seeks to provide the infrastructuzo, the training of skilled manpower and the environment
Our efforts in a which growth with stability can be achieved. number of sectors which contribute to a favourable environment for industry will be evident from later sections in this speech.
(a) The China Dimension
25.
Other changes in our economy have been brought about In terms of trade, by China's programme of modernisation. China has moved up from being the second largest source of Hong Kong's imports to being the largest,
to being the largest, overtaking Japan by a
9
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