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42.
(b) China's investment in Hong Kong
According to a survey conducted by the Industry Department (10), China was the third largest source of foreign investment in Hong Kong's manufacturing sector in The size of 1985, following the United States and Japan. China's new investment in Hong Kong, measured in terms of net acquisitions of fixed assets, was estimated at around HK$168 million in 1985. This represented 16.3% of the total new foreign investment in Hong Kong's manufacturing sector. A breakdown by industry shows that 24% of this investment went to the electronics industry, 8% to the textiles and clothing industries, and 6% to the printing and publishing industry, with the remainder distributed
It was estimated over a wide range of other industries. that there were altogether 35 manufacturing establishments with PRC interests, employing over 5 000 people.
43.
Recent examples of industrial projects involving PRC capital include the setting up of a factory by the Goldome Investment and Development Ltd. to produce tin
The total amount plate in the Tai Po Industrial Estate.
of investment involved is estimated to be about HK$92 million. In another development, CITIC plans to set up a factory with First-Pacific China Trade (Hong Kong) Ltd. to produce precision moulds for electrical appliances,
(10)
The results of this survey should be interpreted with caution because its coverage is not exhaustive and much of the reported information cannot be verified directly. Nevertheless, it probably provides a reasonable indication of the broad trends.
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