27
WEDNESDAY, MAY 30, 1990
MR BARMA SAID MOST OF HONG KONG'S INVESTMENT WAS IN GUANGDONG,
IN THE PEARL PARTICULARLY
RIVER
IN DELTA REGION,
THE FORM OF RELATIVELY LABOUR-INTENSIVE, OUTWARD PROCESSING ARRANGEMENTS OR VENTURES.
JOINT
LABOUR-INTENSIVE
ΤΟ PROCESSES SITUATION IN HONG
A FACILITATE
CHINA HAS SUSTAIN KONG,
THE DIVISION OF LABOUR MORE CAPITAL- AND
"THE SHIFT OF MORE HELPED RASE THE TIGHT LABOUR GROWTH OF HONG KONG'S ECONOMY AND WHEREBY HONG KONG COULD CONCENTRATE ON DEVELOPING TECHNOLOGY-INTENSIVE MANUFACTURING," HE SAID.
MR BARMA SAID
NOT BEEN
THIS ECONOMIC INTER-DEPENDENCE HAD CHANGED BY THE EVENTS WHICH TOOK PLACE IN CHINA IN JUNE LAST YEAR.
HONG
DOOR' POLICY AND OUTWARD PROCESSING
QUALITY ASSURANCE,
'OPEN "CHINA HAS REPEATEDLY REAFFIRMED ITS KONG CONTINUES TO USE SOUTH
FOR CHINA
OPERATIONS,
THE PROVIDING
NECESSARY FINANCIAL, MARKETING TECHNICAL SUPPORT, INCLUDING PRODUCT DEVELOPMENT, TESTING AND OTHER SKILL-INTENSIVE SERVICES," HE SAID.
AND
HONG
TURNING TO JAPAN'S INVESTMENT IN HONG KONG, MR BARMA SAID
FOR JAPANESE INVESTORS KONG HAD BEEN ONE OF THE MOST FAVOURED PLACE FOR MORE THAN A DECADE.
ΤΟ ACCORDING
FIGURES RELAESED BY JAPAN'S MINISTRY OF INVESTMENT IN INTERNATIONAL TRADE AND INDUSTRY (MITI), JAPAN'S TOTAL
OF FISCAL HONG KONG AMOUNTED TO US$7.11 BILLION UP TO THE FIRST HALF YEAR 1989.
KONG HONG
CONTINUED TO BE JAPAN'S SECOND MOST IMPORTANT OF FISCAL YEAR INVESTMENT DESTINATION IN ASIA. SINCE THE FIRST HALF
COMPARED 1988, JAPAN'S INVESTMENT IN HONG KONG GREW BY 35.7 PER CENT, WITH 23.2 PER CENT FOR THE WHOLE OF ASIA.
IN 1988 IN HONG HE SAID JAPAN WAS ALSO THE LARGEST INVESTOR KONG'S MANUFACTURING SECTOR AS COMPARED WITH OTHER FOREIGN INVESTORS.
ACCORDING TO A SURVEY CONDUCTED
THE INDUSTRY DEPARTMENT, JAPAN'S CUMULATIVE MANUFACTURING INVESTMENT IN HONG
BY
MILLION, ACCOUNTED
ONE-QUARTER FOR OVER
(26.6
PER
AT KONG,
US$893 CENT) OF THE
OVERALL. TOTAL UP TO THE END OF 1988.
JAPAN REMAINED AS THE SECOND LARGEST
OVERSEAS
INVESTOR AFTER
THE UNITED STATES, WHICH CONTRIBUTED 34 PER CENT.
SAID
FOR JAPANESE JAPANESE LEAPS AND
MR BARMA
ONE SIGNIFICANT CHANGE MANUFACTURING INTERESTS IN HONG KONG OVER THE YEARS WAS THAT
SECTOR HAD ELECTRONICS INVESTMENT IN THE BOUNDS.
INCREASED
HY
JAPAN WAS IN IN 1988, 34.1 PER CENT OF TOTAL INVESTMENT FROM
18 PRR CENT IN 1985. THE ELECTRONICS INDUSTRY, COMPARED TO MERELY THIS CONTRASTED WITH A GRADUAL DROP IN THE SHARE OF INVESTMENT IN MANUFACTURE OF ELECTRICAL PRODUCTS AS WELL AS WATCHES AND CLOCKS.
THE
/HE SAID