7
FRIDAY, OCTOBER 20, 1989
"WE HOPE TO BE ABLE TO FINANCE 400 TRAINEESHIPS PER YEAR,'
SPEAKING OF HONG KONG'S ECONOMIC DEVELOPMENT WHICH HAD IMPLICATIONS ON EDUCATION AND MANPOWER TRAINING, MR YEUNG SAID HE COULD NOT IMAGINE MANUFACTURING RETAINING THE DOMINANT ROLE IT ENJOYED IN THE 1960'S AND EARLY 1970'S.
"RATHER I SEE MANUFACTURING MAINTAINING ROUGHLY ITS CURRENT SHARE OF GDP BUT SHIFTING OVER TIME TOWARDS MORE EFFICIENT AND LABOUR- SAVING PROCESSES, HIGHER QUALITY PRODUCTS AND INCREASED LINKAGE INDUSTRY PRODUCTION. HE SAID.
"
'ALREADY THERE IS PLENTY OF EVIDENCE OF GROWING INTEREST IN COMPUTER-AIDED DESIGN AND MANUFACTURING SYSTEMS, OF MASSIVE INVESTMENT IN SOPHISTICATED NEW PLANT AND EQUIPMENT, AND OF INCREASED OUTPUT IN PARTS AND COMPONENTS.
-
'ALL THESE MEAN THAT IT HAS BECOME CRITICAL FOR US TO PROVIDE TERTIARY EDUCATION OF HIGH QUALITY TO A FAR LARGER PERCENTAGE OF THE POPULATION THAN WE DO NOW.
Th
OPPORTUNITIES
AS FAR AS FINANCIAL AND BUSINESS SERVICES WERE CONCERNED, MR HAD YEUNG SAID, THE OPENING UP OF CHINA
CREATED
THAT HONG KONG HAD BEEN ABLE TO EXPLOIT, IN TERMS OF LOAN SYNDICATION, INVESTMENT CAPITAL AND THE FINANCING OF OTHER FORMS OF DEBT REQUIRED BY CHINA FOR ITS MODERNISATION PROGRAMMES.
"TO THE EXTENT THAT THESE SERVICES ARE GROWING IN A HIGHLY COMPETITIVE ENVIRONMENT. THE SHIFTS WITHIN THESE INDUSTRIES TOWARDS THE USE OF THE MOST MODERN AND EFFICIENT INFORMATION TECHNOLOGIES CAN BE EXPECTED TO CONTINUE," HE SAID.
"IN MY VIEW, HONG KONG IS ALREADY THE FINANCIAL CAPITAL OF A DEVELOPING CHINA, AND IS LIKELY TO REMAIN THAT WAY."
STI ON DUTY VISIT IN EUROPE
CHAN, HAS LEFT TRADE OFFICIALS
ON
THE SECRETARY FOR TRADE AND INDUSTRY, MR JOHN FOR A DUTY VISIT TO EUROPE TO BUILD UP CONTACTS WITH IN THE EUROPEAN ECONOMIC COMMUNITY (EEC) AND THE GENERAL AGREEMENT TARIFFS AND TRADE (GATT),
THIS IS MR CHAN'S FIRST DUTY VISIT TO EUROPE SINCE HIS PRESENT POST IN MARCH THIS YEAR.
HE ASSUMED
STAFF OF THE HONG
HE WILL ALSO TAKE THE OPPORTUNITY TO MEET KONG GOVERNMENT OVERSEAS OFFICES IN GENEVA, BRUSSELS AND LONDON.
/ON OCTOBER