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same period last year.
As a result of the improved economic performance
forecast growth rate of the gross
in recent months the
domestic product (GDP) for 1986 was
revised upward from
Budget to 5.6% in
4.5% at the time of the Annual
mid-September, and even this revised forecast may prove to
In contrast, in 1985, the estimated
be conservative.
growth rate of the GDP was 0.8%.
(b) Investment
Capital investment in Hong Kong is mainly
undertaken by the private sector. The role of the Hong
Kong Government is largely confined to ensuring the
provision of the necessary infrastructure, and the
preservation of a favourable investment environment within
which private business enterprises can seek to maximize
their returns. In addition to providing much of the
physical infrastructure,
the Hong Kong Government ensures
that adequate support is provided to investors in regard
to the availability of new industrial technology and of a
well-trained and well-educated workforce.
After declining in the second half of 1985 and
in the first half of 1986, retained imports of capital