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most of our industries, I am of the view that further
successful expansion and development of the Electronic and Electrical industry will be crucial in our ability to satisfy
future demands for jobs.
Up to now, these industries are still mainly engaged
in assembly type operations and have grown to be heavily dependent on countries like Japan, Korea and Taiwan for basic components support. This state of affairs, if it continues into the future, will most likely constrain future growth
potential. In order to achieve a healthy and sustainable development, we will need to encourage the development of basic
as well as modern electronic components in Hong Kong. and Taiwan recognised this need at least five years back and had implemented aggressive policies designed to free their
electronic industries from their heavy dependence on Japan.
Also, in the light of Hong Kong must not fall too far behind. recent developments in world currency exchange rate
Korea
readjustments, we are well poised to attract investment from
The Government should lose no
Japan to help us close the gap. time in reviving, devising and implementing policies that could contribute towards laying a good foundation to the future
growth of our electronic industry.
Thirdly, assuming there will be a continuation of and steady progress in China of her modernization policies, Hong Kong is well poised to grow economically together with China. No doubt different routes will be taken for different sectors.