TUESDAY, FEBRUARY 13, 1990

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IN THE SURVEY, PARTICIPATING FIRMS WERE ASKED TO INDICATE WHETHER, IN THEIR OPINION, THE GENERAL BUSINESS SITUATION AND LEVEL OF CAPACITY UTILISATION HAD "IMPROVED", "REMAINED THE SAME" OR "DETERIORATED" IN THE FOURTH QUARTER OF 1989 AS COMPARED WITH THE PRECEDING QUARTER. THEY WERE ALSO ASKED TO INDICATE WHETHER THE SITUATION IS EXPECTED TO "IMPROVE"

"REMAIN THE SAME" OR "DETERIORATE" IN THE FIRST QUARTER OF 1990.

TABULATED AND ANALYSED.

THE OPINIONS OF RESPONDENTS WERE MOREOVER, THE SURVEY REPORT CONTAINS A SECTION ON THE BUSINESS PROBLEMS EXPERIENCED AND EXPECTED BY FIRMS IN DIFFERENT ECONOMIC SECTORS, AND A BREAKDOWN OF THE VIEWS OF FIRMS BY SIZE GROUPS.

THE DEPARTMENT CAUTIONED THAT, IN A SURVEY OF THIS NATURE, THE RESULTS SHOULD BE INTERPRETED WITH CAUTION AS IT IS DIFFICULT TO ESTABLISH PRECISELY THE EXTENT TO WHICH RESPONDENTS' RECOLLECTION OF THE PAST AND PERCEPTION OF THE FUTURE ACCORDS WITH TRENDS.

THE UNDERLYING

SURVEY REPORT

MEMBERS OF THE PUBLIC MAY OBTAIN COPIES OF THE FROM THE GOVERNMENT PUBLICATIONS CENTRE, GROUND FLOOR, GPO BUILDING, CONNAUGHT PLACE, CENTRAL AND FROM THE PUBLICATIONS SALES COUNTER OF THE CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WAN CHAI TOWER 1, 12 HARBOUR ROAD, WAN CHAI, AT $5 PER COPY.

FURTHER DETAILS OF THE QUARTERLY BUSINESS SURVEY MAY BE OBTAINED FROM THE NATIONAL INCOME BRANCH OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL. 8234779.

ANOTHER U.S. STATE TO OPEN HK OFFICE

THE DIRECTOR OF THE HONG KONG ECONOMIC AND TRADE OFFICE IN NEW YORK, MR KERRY MCGLYNN, YESTERDAY (MONDAY) WELCOMED THE ANNOUNCEMENT BY OHIO THAT THE STATE WAS TO OPEN AN OFFICE IN HONG KONG TO STRENGTHEN TRADE RELATIONS WITH EAST AND SOUTHEAST ASIAN COUNTRIES.

THE OHIO STATE OFFICE IS TO OPEN IN APRIL. MR MCGLYNN SAID OHIO WOULD THEN JOIN CALIFORNIA AND NEW YORK AS THE THIRD U.S. STATE TO OPEN AN OFFICE IN HONG KONG WITHIN 12 MONTHS.

"THIS IS FURTHER CONCRETE RECOGNITION OF HONG KONG'S ROLE AS THE GATEWAY TO CHINA AND TO THE ASIA-PACIFIC REGION," HE SAID.

HIS OFFICE HAD BEEN то THE OPENING OF SUCH AN AND OTHER CONTACTS

MR MCGLYNN AND OTHER OFFICIALS FROM COLUMBUS, OHIO ON TWO OCCASIONS TO DISCUSS OFFICE AND WAYS AND MEANS OF EXPANDING TRADE BETWEEN HONG KONG AND OHIO STATE.

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