9
ON
WEDNESDAY, JANUARY 14, 1987
HOWEVER, HE CAUTIONED THE GOVERNMENT AGAINST INTRODUCING ADMINISTRATIVE POLICIES THAT WOULD GIVE RISE TO INCREASED COSTS IN MANUFACTURING.
HE SAID THAT MANUFACTURERS HAD NEVER BEEN AGAINST PROVIDING REASONABLE BENEFITS TO EMPLOYEES OR OBSTRUCTING ENVIRONMENTAL MEASURES FOR OBSTRUCTION'S SAKE.
+HOWEVER, WE ARE SERIOUSLY CONCERNED THAT LEGISLATION IN THESE AREAS MIGHT HAVE BEEN PLANNED AND PUSHED THROUGH ON A PIECEMEAL BASIS SO THAT THE CUMULATIVE IMPACT ON COST HAD NEVER BEEN PROPERLY EVALUATED.+
COMPREHENSIVE PLAN NEEDED TO BOOST ELECTRONICS INDUSTRY
*****
PLAN WHICH WOULD HONG KONG NEEDS AN URGENT AND COMPREHENSIVE PROVIDE WAYS AND MEANS TO ENHANCE BOTH THE QUALITY AND QUANTITY OF PRODUCTS OF THE ELECTRONICS INDUSTRY, THE HON HU FA-KUANG SAID TODAY (WEDNESDAY).
SPEAKING DURING THE ADJOURNMENT DEBATE ON THE DEVELOPMENT OF INDUSTRY IN HONG KONG, MR HU SAID THE GOVERNMENT WOULD HAVE TO UNDERTAKE A MORE POSITIVE ROLE IN THIS RESPECT IN VARIOUS DIRECTIONS. HE SAID ONE WAY WAS FOR THE GOVERNMENT TO SET UP A SPECIAL SECTION TO DEAL WITH TECHNOLOGY TRANSFER.
+THIS SECTION SHOULD CARRY OUT DETAILED STUDY AND RESEARCH TO FIND OUT THE PRESENT WEAKNESS OF OUR ELECTRONICS INDUSTRY WHERE WE HAVE TO RELY HEAVILY ON OTHER COUNTRIES FOR SUPPORT NOW AND POSSIBLE IN THE FUTURE, HE SAID.
AS HONG KONG HAD NO DIFFICULTY IN FINDING INVESTORS WHO WERE LOOKING FOR INVESTMENT OPPORTUNITIES, THIS SECTION MIGHT STIMULATE THE INTEREST OF SUCH INVESTORS IN NEW PROJECTS OR JOINT VENTURES WHICH HAD GOOD PROSPECTS AND WERE PROFITABLE, HE SAID.
+THIS SECTION CAN THEN TURN TO OTHER COUNTRIES SUCH AS JAPAN AND THE U.S. WITH THE INTENTION TO LOOK FOR SUITABLE FIRMS WHICH HAVE THE TECHNOLOGY WE REQUIRE AND TO ENCOURAGE THEM TO CONSIDER TECHNOLOGY TRANSFER, WITH OR WITHOUT INVESTMENT, TO THE INTERESTED HONGKONG PARTIES ON TERMS BENEFICIAL TO BOTH PARTIES.+
MR HU SAID