MONDAY, SEPTEMBER 4, 1989
SUCCESS
-
5
HAS
BEEN SPEARHEADED REALISED FOREIGN
"MUCH OF THIS ACCOUNTING FOR 40 PER CENT OF TOTAL CHINA.
"IN TURN, GUANGDONG DEPENDS ON HONG KONG FOR ITS FOREIGN CAPITAL, FOR MANAGEMENT EXPERTISE AND FOR PARTS, COMPONENTS AND PROCESSED MATERIALS, HE SAID.
KONG HAD FIFTHLY, MR LEUNG SAID, HONG RESILIENT, EMERGING STRONGER THAN BEFORE THROUGH CULTURAL REVOLUTION IN CHINA.
BY GUANGDONG,
INVESTMENT
IN
70 PER CENT OF THE SUPPLY OF
PROVED TO BE HIGHLY RECESSIONS AND THE
HE SAID ALREADY THERE WERE SIGNS THAT BUSINESS RETURNING IN HONG KONG.
CONFIDENCE WAS
SYNDICATED LOAN
HANDLING
"THIS IS EVIDENCED BY THE RECENT US$0.3 BILLION PURCHASE OF
BILLION
FOR THE GARDEN ROAD SITE; THE US$1.3
HONG KONG INTERNATIONAL TERMINAL CONTAINER CARGO
EXPANSION; THE KONG CABLE US$0.5 BILLION INVESTMENT IN NEW CABLE TV NETWORK BY HONG
IN COMMUNICATIONS LIMITED INVOLVING US WEST AND CODITEL SA (BELGIUM)
PROPOSAL TO EXTEND THE ADDITION TO LOCAL PARTNERS; AND A TENTATIVE
US$0.8 KOWLOON-CANTON RAILWAY SYSTEM TO HONG KONG ISLAND AT A COST OF BILLION," HE SAID.
LOOKING TOWARDS THE PROSPECTS IN THE 1990'S, NUMBER OF DEVELOPMENTS WERE IN THE OFFING.
"FIRST,
"I
MR LEUNG
SAID A
HE SAID,
"PROVIDED THE COST AND OTHER ECONOMIC CONTINUE ΤΟ BENEFITS
BE REALISED, SOUTH CHINA, PARTICULARLY THE MORE LABOUR GUANGDONG, WILL REMAIN ATTRACTIVE TO INTENSIVE OPERATIONS.
IN INVESTORS
"AT THE SAME TIME, SUCH DEVELOPMENTS WILL CONTINUE ON HONG KONG AS A REGIONAL MANUFACTURING AND SUPPORT.CENTRE.
TO DEPEND
WAS CATHERING PACE IN SECONDLY, HE ADDED, HONG KONG
MOVING AND CAPITAL INTENSIVE TOWARDS HIGHER VALUE-ADDED AND MORE KNOWLEDGE PROCESSES.
"THIS IS
IN
ALREADY EVIDENT FROM THE
THE HONG KONG WHICH CONVERT
MATERIALS SEMI-MANUFACTURES, PRECISION PARTS, COMPONENTS AND INTERMEDIATES,
GROWTH OF
RAW
LINKAGE INTO H HE
INDUSTRIES
SAID.
WAS THAT TECHNOLOGY MR LEUNG SAID THE THIRD DEVELOPMENT LIKELY TO PLAY AN INCREASINGLY IMPORTANT ROLE IN HONG KONG.
WAS
HONG
"ALONG WITH OTHER MAJOR INFRASTRUCTURAL PROJECTS, KONG'S TECHNOLOGICAL INFRASTRUCTURE IS BEING CONSIDERABLY REINFORCED, HE SAID.
COUNTRIES
EXPANDING ITS TRADE AND INCLUDING
HONG KONG WAS FOURTHLY, HE SAID,
LINKS WITH PRODUCTION
FAST-GROWING ASIAN JAPAN, TAIWAN, SOUTH KOREA, SINGAPORE AND THAILAND.
/"OVER THE