11
TUESDAY, JUNE 6, 1989
JAPAN SHOWS CONFIDENCE IN HK'S LINKAGE INDUSTRIES
* *
INDUSTRIAL
INVESTORS
FROM JAPAN HAVE SHOWN THEIR GROWING PARTS AND CONFIDENCE IN HONG KONG'S ABILITY TO PRODUCE SOPHISTICATED COMPONENTS AND OTHER SEMI-MANUFACTURES OF HIGH QUALITY, ACCORDING THE ACTING DIRECTOR OF INDUSTRY, MR ANDREW LEUNG KIN-PONG.
ADDRESSING POTENTIAL
ΤΟ
AT AN INDUSTRIAL TODAY (TUESDAY),
NUMBER INCREASING
INVESTORS JAPANESE
IN TOKYO HELD
HAD BEEN AN
INVESTMENT PROMOTION SYMPOSIUM
THERE LEUNG POINTED OUT THAT JAPANESE FACTORIES INVOLVED IN THE LINKAGE INDUSTRIES IN HONG KONG.
THE
WHICH
CONVERTED
MR
OF
IMPORTED RAW OF NUMBER
THESE FIRMS,
AND MATERIALS INTO SEMI-MANUFACTURES, COMPONENTS, AND INTERMEDIATES,
FOR FURTHER ASSEMBLY INTO SOLD THEM TO OTHER MANUFACTURERS EITHER
FROM 61 IN FINISHED PRODUCTS OR AS PRODUCTION INPUTS, HAD INCREASED
FOR ABOUT HALF OF THE JAPANESE
1986 TO 77 IN 1987, INVESTMENT IN HONG KONG.
ACCOUNTING
MOREOVER, MR LEUNG
SAID,
MOST OF FACTORIES IN HONG KONG TENDED TO MAKE PARTS LOCAL MANUFACTURERS.
"THIS
DEVELOPMENT
THE JAPANESE ELECTRONICS AND COMPONENTS FOR THE
MANUFACTURING
TO OUR IS BENEFICIAL INDUSTRIES. LINKAGE INDUSTRIES FORM A VITAL BRIDGE BETWEEN OUR OF RAW MATERIALS, AND OUR EXPORTS OF FINISHED PRODUCTS.
IMPORT
"THE QUALITY OF OUR FINISHED PRODUCTS DEPEND ULTIMATELY ON CAPABILITY OF THE LINKAGE INDUSTRIES THAT SERVICE THEM.
THE
ASSEMBLY WORK "IN ADDITION, AS MORE AND MORE LABOUR INTENSIVE
INCREASINGLY BEING CAN BE CARRIED OUT IN SOUTH-CHINA, HONG KONG IS RELIED UPON FOR THE SUPPLY OF LINKAGE MATERIALS AND PARTS, AS WELL AS RELATED TECHNICAL SUPPORT INCLUDING DESIGN AND DEVELOPMENT, LABORATORY
MR LEUNG SAID. TESTING AND QUALITY MANAGEMENT,
BECAUSE OF THESE REASONS,
HE FIRMLY BELIEVED THAT JAPANESE TO IMPROVE THE QUALITY THEREBY PRODUCTS,
ENHANCING THE
INVESTMENT IN THE LINKAGE INDUSTRIES HELPED AND OUTPUT OF HONG KONG-MADE COMPETITIVENESS OF LOCAL MANUFACTURERS,
MEANWHILE, MR LEUNG NOTED THAT THERE WAS IN JAPANESE INVESTMENT IN THE ELECTRONICS SECTOR.
"THERE
IS A
MARKED SHIFT
OUT
OF
A DRAMATIC UPSURAGE
BASICALLY ASSEMBLY-TYPE OPERATIONS TO RELATIVELY SOPHISTICATED PRODUCTS OF HIGHER QUALITY.
"THIS REFLECTS YOUR GROWING CONFIDENCE
IN HONG KONG'S ABILITY
THE
THE
TO MANUFACTURE SUCH PRODUCTS, AS WAS ECHOED IN A RECENT REPORT BY
|| MR LEUNG TOLD JAPAN EXTERNAL TRADE ORGANISATION (JETRO), JAPANESE INVESTORS.
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