J.LY, 1985
+JAPANESE INDUSTRIAL INVESTMENTS ARE MOSTLY IN CLOCKS AND WATCHES, ELECTRICAL PRODUCTS, ELECTRONICS, TEXTILES AND GARMENTS, AND PRINTING AND PUBLISHING.+
HE ADDED THAT IN ADDITION TO THESE, THERE IS FURTHER EVIDENCE TO ILLUSTRATE THE IMPORTANCE OF JAPANESE ECONOMIC TIES WITH KONG KONG.
IN 1984, JAPAN WAS THE SECOND LARGEST SOURCE OF IMPORTS FOR HONG KONG AFTER CHINA, AS WELL AS THE FIFTH LARGEST MARKET FOR HONG KONG PRODUCTS AFTER THE UNITED STATES, CHINA, BRITAIN AND GERMANY.
+AS HONG KONG HAS A LONG HISTORY OF DOING BUSINESS WITH CHINA, AND AS A RESULT OF OUR ACCUMULATED EXPERIENCE, THE TERRITORY IS PERFECTLY PLACED TO OFFER A UNIQUE SERVICE TO THOSE FROM ELSEWHERE, INCLUDING JAPAN, WHO ARE SEEKING TO ESTABLISH CONTACTS WITH CHINA FOR THE FIRST TIME, HE SAID.
+MANY JAPANESE FIRMS HAVE COME TO HONG KONG TO USE US AS A SPRING BOARD TO EXPAND INTO CHINA, AND I HOPE THAT MANY MORE WILL DO THE SAME,+ HE ADDED.
IN 1978, HONG KONG'S RE-EXPORTS OF JAPANESE PRODUCTS INTO CHINA AMOUNTED TO A LITTLE LESS THAN US$5 MILLION.
BY 1983, THESE RE-EXPORTS INCREASED SHARPLY TO US$435 ILLI, AND LAST YEAR THEY GREW BY A FURTHER 180 PER CENT TO REACH US$1 215 MILLION, A STAGGERING 240-FOLD INCREASE SINCE 1973.
+THESE INDICATE THE IMPORTANCE OF HONG KONG AS A MIDDLEMAN FOR JAPAN AND CHINA,+ MR WONG SAID.
DEVELOPING COUNTRIES ATTACK JENKINS BILL
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DEVELOPING COUNTRIES HAVE SET OUT THEIR OPPOSITION TO THE PROTECTIONIST JENKINS BILL IN A LETTER SENT TO SENIOR OFFICIALS OF THE AMERICAN ADMINISTRATION, SENATORS AND CONGRESSMEN.
AMONG THOSE SENT LETTERS BY THE GROUP, WHICH INCLUDES HONG KONG, ARE: SECRETARY OF STATE, MR GEORGE SHULTZ, SECRETARY OF COMMERCE, MR MALCOLM PALDRICE, SECRETARY OF THE TREASURY, MR JAME BAKER, SECRETARY OF LABOUR, MR WILLIAM BROCK, DEPUTY U.S. TRADE REPRESENTATIVE, MP MICHAEL SMITH, AND SECRETARY OF MR JOHN BLOCK.
CICULTURE,
J
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