THURSDAY, OCTOBER 26, 1989
TURNING TO THE ECONOMIC
CHTNA, WHICH HE SAID WAS
RELATIONSHIP
BETWEEN
AND HONG KONG
FUTURE TO HONG KONG'S ONE
KEYS OF THE
THE MOST IMPORTANT BCONOMIC DEVELOPMENT. MR CHAN SAID HONG KONG WAS
70 PER SOURCE OF EXTERNAL INVESTMENT IN CHINA, ACCOUNTING FOR AROUND CENT OF THE TOTAL IN TERMS OF BOTH THE NUMBER OF VENTURES SET THE AMOUNT OF MONEY INVESTED.
UP AND
INVESTMENT IN HONG KONG "IN THE OPPOSITE DIRECTION, CHINESE
TRADITIONAL HAS ALSO GROWN TREMENDOUSLY, AND HAS DIVERSIFIED FROM THE
SUCH AS PROPERTY NEW AREAS VARIOUS INTO SECTORS TRADE-RELATED
AND MANUFACTURING FINANCIAL SERVICES, INVESTMENT, PROJECTS.
..
INFRASTRUCTURAL
ALMOST CERTAINLY THE
HE SAID THAT IN OVERALL TERMS CHINA WAS LARGEST SINGLE SOURCE OF EXTERNAL INVESTMENT IN HONG KONG.
INVESTMENT
"AND WE KNOW THAT, IN THE SPECIFIC AREA OF EXTERNAL
LARGEST SOURCE IN OUR MANUFACTURING INDUSTRY, CHINA IS NOW THE THIRD
FOR AROUND EIGHT PER AFTER THE UNITED STATES AND JAPAN, ACCOUNTING CENT OF THE TOTAL."
MR CHAN SAID THIS
VERY
CLOSE
ECONOMIC
HONG KONG AND CHINA HAD PLACED HONG
KONG
A IN
RELATIONSHIP
UNIQUE POSITION
BETWEEN
TO
CONTRIBUTE TOWARDS CHINA'S ECONOMIC DEVELOPMENT.
WITH
HONG
"WITH ITS LONG EXPERIENCE AND PROVEN EXPERTISE IN TRADING THE OUTSIDE WORLD, AND ITS KNOWLEDGE AND UNDERSTANDING OF CHINA,
TRADER WHO IS KEEN ON KONG WILL HAVE MUCH TO OFFER TO THE WESTERN EXPLOITING THE VAST CHINESE MARKET,
HE SAID.
LOCAL MANUFACTURERS TO BENEFIT FROM SINGLE EUROPEAN MARKET
LEUNG, SAID TODAY THE DEPUTY DIRECTOR OF INDUSTRY, MR ANDREW
CONFIDENCE EVERY
THAT LOCAL MANUFACTURERS, (THURSDAY) THAT HE HAS
BENEFITS WITH THEIR FLEXIBILITY AND CAPABILITY, WOULD BE ABLE TO REAP FROM THE SINGLE EUROPEAN MARKET IN 1992.
AND TO GUARD BUT IN ORDER TO CAPITALISE ON THE OPPORTUNITIES
MIGHT ARISE WHEN
HE 1992 COMES. AGAINST SOME OF THE PITFALLS THAT
то KEEP A CLOSE WATCH ON CALLED ON PARTIES CONCERNED TO CONTINUE DEVELOPMENTS.
EXECUTIVES CHINESE
CLUB OF THE
1992"
MR LEUNG WAS ADDRESSING THE BONG KONG MANAGEMENT ASSOCIATION ON THE IMPLICATIONS OF "EUROPE FOR HONG KONG'S MANUFACTURING INDUSTRIES.
/MR LEUNG