34
WEDNESDAY, MAY 9, 1990
INVESTMENTS,
"THIS IS ALSO BORNE OUT BY THE GROWTH OF OVERSEAS MANUFACTURING THIS IS BILLION. NOW AT AN ESTIMATED VALUE OF HK$26 24 PER CENT MORE THAN IN 1987 AND ALMOST DOUBLE THE LEVEL IN 1984,' SAID.
SHARE
中申 HE
INVESTMENT IN THE FISCAL OF JAPANESE
LAY WHICH
IN
NOT ING THAT HONG KONG WAS THE SECOND MOST FAVOURED DESTINATION IN ASIA FOR JAPANESE FIRMS, SIR PIERS SAID YEAR 1988
HONG KONG GAINED THE ALONE,
LARGEST INVESTMENT IN ASIA, ALMOST DOUBLE THAT FOR SINGAPORE, SECOND PLACE.
"THIS REPRESENTED AN INCREASE OF 37 PER CENT OVER YEAR 1987, COMPARED WITH AN AVERAGE OF 21PER CENT FOR THE ASIA, HE SAID.
14
THE
FISCAL WHOLE OF
IN MANUFACTURING
"A NUMBER OF SIGNIFICANT INVESTMENTS INDUSTRIES FROM VARIOUS COUNTRY SOURCES CONTINUED TO THE LATTER PART OF 1989 AND AFTERWARDS, HEDDED.
MATERIALISE IN
THESE INCLUDED NINE JAPANESE INVESTMENTS, MAINLY IN ELECTRICAL, ELECTRONICS AND STEEL AND CONCRETE COMPOSITE PILES PRODUCTION SECTORS,
INVESTMENT EXCEEDING TOTAL
AND HK$240 MILLION,
U.S. FOUR INVESTMENTS OF WHICH ONE INVOLVED AN INVESTMENT OF HK$100 MILLION, THE FINANCIAL SECRETARY NOTED.
WITH
-
LARGE "WITH THE INCREASING GLOBALISATION OF BUSINESS ACTIVITY,
ARE LIKELY MULTI-NATIONALS
TO REMAIN
THE DIVERSIFIED IN
WORLD'S
* TRIPOD'
NORTH AMERICA, ECONOMIC
EUROPE, AND THE ASIA-PACIFIC REGION, WHERE HONG KONG IS EXPECTED TO PLAY AN INCREASINGLY ROLE BOTH AS A REGIONAL BUSINESS CENTRE AND THE GATEWAY TO CHINA, PIERS SAID.
PIVOTAL
SIR
REMAIN
"HONG KONG'S EXTERNALLY ORIENTED ECONOMY, HOWEVER, WILL VULNERABLE TO THE VICISSITUDES OF OUTSIDE WORLD. THERE IS LITTLE DOUBT THAT THE MANY CHALLENGES OF THE 1990'S WILL RENDER INWARD EVEN MORE COMPETITIVE, HE ADDED.
M
INVESTMENT
BRITISH
'HISTORICALLY, HONG KONG WILL TRANSFORM ITSELF FROM A TERRITORY TO A SPECIAL ADMINISTRATIVE REGION OF CHINA. INDUSTRIALLY,
OF
AT TECHNOLOGY
A AND INFORMATION UNFOLDS AGE
COMPETING DYNAMIC
BY ECONOMIES ARE GROWING REGIONALLY, BOUNDS.
THE
RAPID PACE.
LEAPS AND
"INTERNATIONALLY, THE WORLD ECONOMIC ORDER, MARKET FRONTIERS,
AND OPPORTUNITIES ARE SHIFTING WITH THE EXPECTATIONS THE SINGLE EUROPEAN MARKET AND EASTERN EUROPE, THE USA/CANADA ECONOMIC NEXUS, AND CLOSER
COOPERATION.
THE
"
FINANCIAL
ASIA-PACIFIC
DEVELOPMENT OF THE STRENGTHENING OF ECONOMIC
FURTHER
OUR
WERE
SECRETARY SAID ΤΟ STIMULATE INDUSTRIAL DEVELOPMENT, OUR INWARD INVESTMENT PROMOTION EFFORTS GEARED TOWARDS THE ATTRACTION OF BENEFICIAL TECHNOLOGIES.
** A
IN PLACE EXTENDED
TO
COMPUTERISED TARGETTING SYSTEM IS EXPECTED TO BE THIS YEAR INITIALLY COVERING NORTH AMERICA, LATER TO BE OTHER REGIONS,
/"OUR ONE-STOP