21
THURSDAY, NOVEMBER 2, 1989
HK'S MANUFACTURED PRODUCTS REMAIN COMPETITIVE
*
HONG KONG'S MANUFACTURED
OYRESEAS
PRODUCTS REMAIN AS COMPETITIVE AS MARKETS AND ITS
AND TEXTILES
GARMENT EVER IN ITS MAJOR
INDUSTRIES ARF INDUSTRIES, ELECTRONICS, TOYS, AND WATCHES AND CLOCKS
AND INDUSTRY, MR JOHN CHAN, WORLD-FAMOUS, THE SECRETARY FOR TRADE SAID TODAY (THURSDAY).
HE WAS SPEAKING AT
THE OPENING CEREMONY OF THE TRADE FAIR AT THE HONG KONG CONVENTION AND EXHIBITION CENTRE.
MR CHAN SAID
MANUFACTURING
HAD BEEN THE
PER SOME 22
INDUSTRIAL
HONG
OF MAINSTAY
ACCOUNTING FOR
THE GROSS CENT OF KONG'S ECONOMY, DOMESTIC PRODUCT AND 32 PER CENT OF TOTAL EMPLOYMENT IN 1988.
EXTERNALLY ORIENTED ECONOMIES, BEING ONE OF THE WORLD'S MOST HONG KONG EXPORTS ABOUT 90 PER CENT OF ITS MANUFACTURING PRODUCTS.
AND
PROCESS,
MR
"WE GENERALLY IMPORT RAW MATERIALS REQUIRED FOR PRODUCTION
MANUFACTURING IN ALSO THE INDUSTRIAL MACHINERY WE USE CHAN SAID.
TWO-THIRDS OF HONG KONG'S INDUSTRIAL
THOSE REQUIRED
PARTICULARLY
AT PRESENT, HE ADDED, MACHINERY WAS IMPORTED, ADVANCED TECHNOLOGIES.
ΤΟ
USE MORE
OF INDUSTRIAL MACHINERY IN WINNING EXPORT
"BUT THIS IS NOT TO SAY THAT OUR OWN PRODUCTION
YEARS OUR RECENT IN IS MACHINERY
UNIMPORTANT. MANUFACTURING SECTOR HAS DEMONSTRATED ITS ABILITY ORDERS, MP CHAN SAID.
"I
LAST YEAR, THE VALUE OF THE
EXPORTS
OF INDUSTRIAL MACHINERY THE FIGURES IN
WAS OVER $4,000 MILLION WHICH WAS NEARLY THREE TIMES
1991.
IN ITS
FOR
MR CHAN SAID HONG KONG WAS NOW FACING KEEN COMPETITION MAJOR EXPORT MARKETS AND THE INCREASING DEMAND FROM ITS CONSUMERS EVER-HIGHER QUALITY STANDARD IN MANUFACTURED PRODUCTS.
MR CHAN STRESSED THAT HONG KONG'S
INTO
OF
THE DIRECTION FURTHER PRODUCTION METHODS AND MORE SOPHISTICATION ALSO MUCH NEEDED.
ADOPTING
MANUFACTURERS HAD ΤΟ MOVE TECHNOLOGY-BASED HIGHER PRODUCTION MACHINERY WAS
PARTICULARLY THE METAL PROCESSING, PRINTING.
ON DISPLAY AT THE
HONG KONG-MANUFACTURED INDUSTRIAL MACHINERY,
MOULDING, PLASTICS MACHINERY USED FOR TEXTILES MANUFACTURE AND ELECTROPLATING, IS ALSO FAIR.
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