4
FRIDAY, JULY 20, 1
"OTHER SERIOUS CONSTRAINTS INCLUDED HIGH FREMISES, HIGH LABOUR TURNOVER, AND HIGH COSTS OF PARTS AND COMPONENTS, HE SAID.
COSTS
OF INDUSTRIAL
RAW MATERIALS AND
ON THE BUSINESS OUTLOOK ON MARKETS, MOST RESPONDENTS FELT
WITH MARKETS,
THE EXCEPTION THEIR SALES TO ALL MAJOR OVERSEAS CHINA, WOULD INCREASE OR REMAIN STABLE.
THAT
OF
CENT "MANUFACTURERS WERE MOST OPTIMISTIC ABOUT JAPAN; 51.1 PER
WOULD INCREASE IN OF THE RESPONDENTS EXPECTED THAT EXPORTS TO JAPAN
CHANGE AND ONLY 11 PER 1990, 37.9 PER CENT SAID THERE WOULD BE NO CENT SAID THEY WOULD DECREASE," HE SAID.
"AB
HALF
NEARLY REGARDS CHINA,
(46.3 PER CENT) OF THE 24.4 PER RESPONDENTS EXPECTED EXPORTS TO CHINA WOULD DECREASE, WHILE
THAT EXPORTS WOULD CENT AND 29.3 PER CENT OF THEM RESPECTIVELY FELT INCREASE AND REMAIN UNCHANGED, HE ADDED.
THE
**
INDUSTRIES
1989",
BRING
19
IN
"HONG KONG'S MANUFACTURING PUBLISHED FOR THE SECOND TIME SINCE ITS INAUGURAL ISSUE LAST YEAR, AIMED AT PROVIDING AN OVERVIEW OF THE DEVELOPMENT OF MANUFACTURING HONG KONG SINCE THE WAR.
AND
EITHER LONG'9
"PROFILES ARE GIVEN OF THE MANUFACTURING SECTOR AS A WHOLE OF 14 SELECTED MANUFACTURING INDUSTRIES WHICH HAVE BEEN CHOSEN TO HONG BECAUSE THEY HAVE MADE SIGNIFICANT CONTRIBUTIONS DOMESTIC EXPORTS OR HAVE SHOWN RAPID GROWTH IN RECENT YEARS,
COVERED
FURNITURE;
IN
ARE AL80 "EIGHT SMALLER MANUFACTURING INDUSTRIES THIS EDITION, NAMELY, THE BASIC METAL; CHEMICAL; FOOTWEAR; HANDBAGS AND TRAVEL GOODS; LEATHER AND LEATHER PRODUCTS; PACKAGING AND CONTROLLING PRODUCTS; AND PROFESSIONAL AND SCIENTIFIC, MEASURING EQUIPMENT INDUSTRIES,
THE SPOKESMAN
HE SAID.
SAID MANUFACTURING WAS STILL THE LARGEST ALTHOUGH 1TS ECONOMIC SECTOR IN TERMS OF CONTRIBUTION TO EMPLOYMENT,
PER SHARE OF TOTAL EMPLOYMENT HAD DECLINED IN RECENT YEARS, FROM 49.7 CENT IN 1976 TO 33 PER CENT IN 1989.
IN TERMS OF PRODUCTION, HE SAID THE VALUE OF THE
GROSS OUTPUT
OF HONG KONG'S MANUFACTURING INDUSTRIES INCREASED AT AN AVERAGE GROWTH RATE OF 12.9 PER CENT
MILLION DURING THE
IN
1981 TO $283,340 SAME
AT PERIOD
AN
ΤΟ
FROM $136,628
ADDED ROSE MILLION IN 1987. VALUB AVERAGE ANNUAL RATE OF 13.2 PER CENT, FROM $36,049 MILLION IN 1981 $75,761 MILLION IN 1987.
THE
KONG'S MANUFACTURING INDUSTRIES, ON THE OUTLOOK OF HONG
KONG WOULD ALWAYS SPOKESMAN SAID THAT AS A SMALL OPEN ECONOMY, HONG
AND BE SENSITIVE TO ANY CHANGES IN THE INTERNATIONAL POLITICAL
OR SHIFTS IN ECONOMIC CONDITIONS WHICH AFFECTED TRADING CONDITIONS, MARKET AND PRODUCT DEMANDS.
/"THE FUTURE