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Wednesday, March 1, 1972
In the last three years, gross investment had been running at
about 21 per cent of Gross Domestic Product.
"This is on the low side:
in Japan it is 35 per cent and in Taiwan and Korea it is said to be
23 per cent and 27 per cent respectively."
The Financial Secretary suggested that Hong Kong should keep
"a watchful eye" on this aspect of the Colony's economic position
during the next few years, bearing in mind that, for the most part,
"our investment has been directed to the most productive purposes and
that the capital assets created have been very intensively used."
"On the other hand," he went on. "it is possible to argue
that, compared with some other countrics, we have devoted a smaller
proportion of our investment to the development of the infrastructure."
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