FRIDAY, JUNE 3, 1988
3
BRITISH AMBASSADOR TO HANOI TO VISIT HK
* *
THE BRITISH AMBASSADOR TO HANOI, MR EMRYS
HONG KONG FROM JUNE 16 TO 19 ON HIS WAY TO THE UNITED KINGDOM.
WILL DAVIES,
VISIT
HE WILL TAKE THIS OPPORTUNITY
TALK TO SENIOR GOVERNMENT OFFICIALS AND MEMBERS OF THE LEGISLATIVE COUNCIL.
TO
HE WILL ALSO TALK TO BUSINESSMEN ABOUT TRADE WITH VIETNAM.
MR DAVIES, WHO LAST VISITED HONG KONG IN SEPTEMBER WILL STAY AT GOVERNMENT HOUSE.
LAST YEAR,
INDUSTRIES NEED TO BE MORE CAPITAL, KNOWLEDGE INTENSIVE
LONGER RELY ON MANUFACTURE WORK
MANUFACTURING INDUSTRIES IN HONG KONG CAN NO PRICE COMPETITIVENESS ALONE IN ORIGINAL EQUIPMENT WITH A RELATIVELY HIGH LABOUR CONTENT, AND HAVE ΤΟ BE MORE CAPITAL AND KNOWLEDGE INTENSIVE ΤΟ COMPETE MORE IN TERMS OF TECHNOLOGY, QUALITY, AND INNOVATION.
THE ACTING DIRECTOR OF INDUSTRY, MR ANDREW LEUNG, SAID THIS TODAY (FRIDAY) AT A CONFERENCE JOINTLY ORGANISED BY THE MBA ALUMNI ASSOCIATION OF THE CHINESE UNIVERSITY OF HONG KONG AND THE THREE-YEAR MBA (CUHK) ASSOCIATION LTD.
HE EXPLAINED THAT AS HONG KONG'S ECONOMY GREW AND COSTS ROSE, MORE AND MORE OF ITS LABOUR INTENSIVE AND SUB-ASSEMBLY PROCESSES WERE BEING SUB-CONTRACTED ACROSS THE BORDER,
HONG KONG WAS ALSO FACING INCREASING COMPETITION FROM ITS ASIAN NEIGHBOURS IN THE MARKET FOR THE MORE SOPHISTICATED AND INNOVATIVE CONSUMER PRODUCTS, PARTICULARLY IN ELECTRONICS.
AND
"THE INNOVATION OF MORE SOPHISTICATED, HIGHER VALUE-ADDED, BETTER QUALITY PRODUCTS GENERALLY REQUIRE INCREASINGLY HIGHER TECHNOLOGY, HE ADDED.
"
"IN A MARKET WITH RAPID CHANGES AND KEEN COMPETITION, PRODUCTIVITY, QUALITY AND INNOVATION ARE THE KEY TO SURVIVAL AND TECHNOLOGY IS THE MEANS TO IMPROVE COMPETITIVENESS.
"THE USE OF COMPUTER AND DESIGN, MANUFACTURE, TESTING PRODUCTIVITY.
OTHER AUTOMATION AND MANAGEMENT
WOULD
TECHNOLOGIES IN ENHANCE
"TO PRODUCE