WEDNESDAY, MAY 10, 1989
HE SAID THE GREATER
INTERDEPENDENCE
OF
HONG
ECONOMY KONG'S THAT OF CHINA, AND TAKING
WITH THOSE OF THE REST OF THE WORLD, ESPECIALLY THE INTERNAL RESTRUCTURING OF THE TERRITORY'S ECONOMY THAT WAS PLACE, HAD ALSO MADE FORECASTING MORE DIFFICULT.
то TIME WE NEED TO
OUR
THE
INTERVALS
CONSIDER "I ACCEPT THAT FROM TIME METHODOLOGY," HE SAID, ADDING THAT THERE WAS NOW A NEED TO REVIEW GOVERNMENT'S GDP FORECAST MORE FREQUENTLY, SAY AT QUARTERLY INSTEAD OF ONLY ONCE IN SEPTEMBER.
REVIEWS AND
MR JACOBS SAID HE WAS PREPARING FOR MORE FREQUENT
THIS MONTH TO COINCIDE INTENDED TO RELEASE THE FIRST RESULTS LATER WITH THE PUBLICATION OF THE FIRST QUARTER ECONOMIC REPORT.
MANUFACTURING REMAINS IMPORTANT TO ECONOMY
DESPITE THE
RAPID
THE
SECTOR AND SERVICES ENTREPOT ROLE. PARTICULARLY AN IMPORTANT COMPONENT
YEARS MANY
TO COME, SAID TODAY (WEDNESDAY).
GROWTH OF THE RE-EMERGENCE OF HONG KONG'S TRADITIONAL IN RELATION TO CHINA, MANUFACTURING IS STILL
SO FOR REMAIN OF OUR ECONOMY, AND WILL FINANCIAL SECRETARY, THE HON PIERS JACOBS,
THE
SPEAKING IN THE
MR
RESUMED JACOBS SAID HONG
CHANGES IMPORTANT
DEBATE IN THE BUDGET
MANUFACTURING INDUSTRY WAS KONG'S IN THAT THE MORE
INTENSIVE
LEGISLATIVE
LABOUR
COUNCIL, UNDERGOING OPERATIONS WERE EXPANDING ELSEWHERE.
WITNESSING VIGOROUS INVESTMENT "BUT AT THE SAME TIME, WE ARE
AS A MEANS OF IMPROVING INDUSTRY
EQUIPMENT IN ADVANCED
HE SAID. PRODUCTIVITY AND OF UPGRADING QUALITY AND STANDARDS,
BY
MR JACOBS SAID
ALTHOUGH
SOME
STILL ARGUED
||
OTHERWISE,
HONG
KONG'S MANUFACTURING SECTOR WAS ADJUSTING TO CHANGING CIRCUMSTANCES.
THEIR
ADAPT QUICKLY LIES OWN DECISIONS, AND MARKET MECHANISMS OPERATE,'
"WE MUST KEEP IN MIND THAT THE ABILITY TO IN THE FREEDOM FOR INDUSTRIALISTS TO MAKE THIS FREEDOM WILL BE ENSURED BY LETTING HE ADDED.
OUT
THAT
THIS DID
NOT
MEAN
THAT
THE
HOWEVER, HE POINTED GOVERNMENT HAD NO ROLE TO PLAY.
"ON
TECHNO-ECONOMIC STRENGTHS AND
CLOTHING,
THE INDUSTRIAL FRONT, REGULARLY COMMISSIONED TO IDENTIFY THE KEY INDUSTRIAL SECTORS INCLUDING TEXTILES AND METALS AND PLASTICS, THE FINANCIAL SECRETARY SAID.
"
STUDIES ARE WEAKNESSES OF
ELECTRONICS,
/HE SAID