82
WEDNESDAY, NOVEMBER 8, 1989
"OVER THE PAST TWO YEARS, HONG KONG'S TRADE WITH JAPAN. TAIWAN. ANNUAL RATE OF SOUTH KOREA, SINGAPORE AND THAILAND HAS GROWN AT AN
CENT OF HONG KONG'S TOTAL 35.5 PER CENT IN MONEY TERMS. SIXTY PER TRADE IS NOW WITH ASIA AND AUSTRALASIA.
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IN ADDITION, HE SAID, MANY MULTINATIONALS HAD CHOSEN HONG AS THEIR REGIONAL HEADQUARTERS.
HAD BECOME
HONG
HONG KONG'S PRINCIPAL TRADING BEEN ACTING AS AN IMPORTANT
AS FOR CHINA, IT PARTNER. MORE RECENTLY, HONG KONG HAD CHANNEL FOR CHINA'S IMPORTS. MR LEUNG SAID.
"BESIDES. MANY FOREIGN COMPANIES HAVE BEEN USING HONG A BASE FOR MANUFACTURING INVESTMENTS IN CHINA.
"SUCH INVESTMENTS WILL CONTINUE TO DEPEND ON
HE SAID. REGIONAL MANUFACTURING AND SUPPORT CENTRE.
KONG AS
HONG KONG AS A
TECHNOLOGICAL
ASSIST INDUSTRIALISTS IN MORE KNOWLEDGE-BASED AND
MR LEUNG ALSO TOLD PARTICIPANTS THAT HONG KONG'S
ΤΟ REINFORCED WAS BEING INFRASTRUCTURE
AND HIGHER-VALUE-ADDED MOVING TOWARDS CAPITAL-INTENSIVE PROCESSES.
TECHNOLOGY
BE
APART FROM THE NEW
CENTRE WHICH WOULD AND SMALL HIGH-TECHNOLOGY ESTABLISHED TO PROVIDE FACILITIES FOR NEW
MR LEUNG COMPANIES TO GROW THROUGH PRODUCT RESEARCH AND DEVELOPMENT.
AN INFORMATION TECHNOLOGY WAS PROUD TO MENTION THE ESTABLISHMENT OF CENTRE IN THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY.
WILL CARRY OUT 'WITH A GRANT OF US$13 MILLION, THE INSTITUTE
CIRCUITS AND SYSTEMS. ELECTRONIC RESEARCH INTO TELECOMMUNICATIONS. DEVICES, ARTIFIIAL INTELLIGENCE. SATELLITE AND SPACE HE SAID.
COMMUNICATIONS.'
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HONG KONG TO ATTEND PECC MEETING
* *
KONG WILL LEAVE FOR NEW A FOUR-MEMBER DELEGATION FROM HONG
SEVENTH MEETING OF THE PACIFIC ZEALAND LATER THIS WEEK FOR THE
IN AUCKLAND FROM ECONOMIC CO-OPERATION CONFERENCE (PECC) TO BE HELD NOVEMBER 12 TO 15.
ORGANISATION WHICH POLICY ECONOMIC
SET UP IN 1980. PECC IS A NON-GOVERNMENTAL
ON TRADE AND SEEKS TO DEVELOP CLOSER CO-OPERATION ISSUES IN THE ASIA-PACIFIC REGION.
AT PRESENT, IT CONSISTS OF 15 MEMBER COUNTRIES. HONG KONG ATTEND AS AN OBSERVER.
WILL
/"OUR INTEREST