SATURDAY, JULY 29, 1989
FOREIGN INVESTORS HAVE FAITH IN HK
ARE MOST OF THE HONG KONG MANUFACTURERS
HOLDING IN ABEYANCE
EVENTS PLANS FOR FURTHER INVESTMENT IN CHINA AFTER THE RECENT
THERE, HAS MADE AND IT WAS FOUND THAT THIS CHANGE OF ECONOMIC CLIMATE
OVERSEAS KONG EVEN MORE ATTRACTIVE TO
ACCORDING TO DEPUTY DIRECTOR OF INDUSTRY, MR ANDREW K.P. LEUNG, TODAY (SATURDAY).
INVESTORS,
HONG
THE
BY
ORGANISED
PROVE HIS
GIVING A TALK AT A SEMINAR ON "HOW WOULD THE POLITICAL DISTURBANCES IN CHINA AFFECT THE ECONOMY IN HONG KONG"
то EXAMPLES THE VICTORIA JAYCEES, MR LEUNG CITED SAYING.
A FEW
"MULTI-NATIONAL COMPANIES SUCH AS MCDONNELL DOUGLAS AND HAYES MICROCOMPUTER PRODUCTS HAVE MOVED THEIR REGIONAL
FROM HEADQUARTERS, SHANGHAI AND SINGAPORE RESPECTIVELY, TO HONG KONG
TAKE ADVANTAGE OF THE GEOGRAPHICAL POSITION HERE.
DAIWA
ΤΟ
MULTI-MILLION-DOLLAR PROJECTS
NEC STEEL,
{NATIONAL WHILE AN AUSTRALIAN-OWNED JUST
ITS ANNOUNCED
"AS REGARD INWARD INVESTMENT, ATTRACTED TO HONG KONG RECENTLY INCLUDE ELECTRIC COMPANY) AND DAIDO CONCRETE, PRINTING COMPANY, MULTIFORM (HK) LTD, HAS EXPANSION," HE SAID.
MAJOR
BE A THEIR
MR LEUNG SAID HE BELIEVED HONG KONG COULD ALWAYS BENEFICIARY SHOULD MANUFACTURERS DECIDE TO DIVERSIFY INVESTMENTS TO OTHER ASIAN COUNTRIES FOLLOWING THE EVENTS IN CHINA.
IMPORTANCE TO THE ECONOMIC NEVERTHELESS, HE ATTACHED
LINKS RAPIDLY SINCE BETWEEN HONG KONG AND CHINA, WHICH HAD BEEN DEVELOPING 1979.
OF THE RECENT
MR LEUNG POINTED OUT THAT THE IMMEDIATE EFFECT EVENTS IN CHINA APPEARED TO BE MODERATE AS HONG KONG'S DIRECT INVESTMENT AND OUTWARD PROCESSING ARRANGEMENT WERE MAINLY IN GUANGDONG AREA WHICH SUFFERED ONLY MINOR DISRUPTION ΤΟ TRANSPORTATION AND TELECOMMUNICATION LINKS.
PREDICTED HE
THAT, IN THE LONG RUN, OUTWARD PROCESSING
ACTIVITIES IN CHINA WOULD CONTINUE TO GROW.
CONTINUE ΤΟ FUNCTION AS
OPERATIONS "PROVIDED MANUFACTURING NORMAL IN THE PEARL RIVER DELTA REGION, HONG KONG MANUFACTURERS WILL NOT
UP THE CONSIDERABLE GIVE
COST
OF THE OUTWARD
PROCESSING ARRANGEMENTS THERE, HE SAID.
ADVANTAGES
"LOCAL MANUFACTURERS
ARE LIKELY TO FIND
THE THAT
IN RELATIONSHIP
PRODUCTION AND MARKETING BETWEEN HONG GUANGDONG CANNOT BE EASILY TRANSPLANTED ELSEWHERE.
KONG
CLOSE AND
"HONG KONG ITSELF COULD BE A BENEFICIARY RELOCATION OF MANUFACTURING OPERATIONS FROM HIGHER VALUE-ADDED GOODS," HE ADDED.
CHINA,
OF ANY IMMEDIATE PARTICULARLY FOR
/MR LEUNG