FRIDAY, JULY 20,
INDUSTRIES DIVERSIFICATION.
ENABLE THEM
"THE FUTURE PROSPERITY OF HONG KONG'S MANUFACTURING WILL REQUIRE CONTINUOUS PRODUCT UPGRADING AND MARKET INDUSTRIES MUST ACHIEVE A TECHNOLOGICAL LEVEL WHICH WILL TO MOVE INTO HIGH VALUE-ADDED AND INNOVATIVE MERCHANDISE.
COMPETE ASIAN AND ASIAN NEWLY TECHNOLOGICALLY-ADVANCED
"OTHERWISE, THEY WILL NOT, IN THE LONG RUN, BE ABLE TO SUCCESSFULLY AGAINST THE LOWER-COST PRODUCTS IN DEVELOPING
THE OTHER SOUTH EAST
AGAINST ECONOMIES, OR ASIAN
ECONOMIES INDUSTRIALISED MANUFACTURING PRODUCTION, HE SAID.
11
IN
MORE
THE SPOKESMAN SAID HONG KONG'S MANUFACTURING EXPECT SLOWER
BXPORT GROWTH IN
ECONOMIES OF ITS MAJOR TRADING
OUTLOOK
DOWNTURN IN THE WORLD'S ECONOMY. MEASURES ALSO MADE THE DOMESTIC EXPORTS TO CHINA.
HOWEVER, HE SAID, AS
WORLD
INDUSTRIES COULD
THE IMMEDIATE FUTURE, WHILE THE PARTNERS ADJUSTED TO THE RECENT THE IMPACT OF CHINA'S AUSTERITY LESS PROMISING FOR HONG KONG'8
KONG'S EXPORTS SHOULD PICK UP AGAIN.
TRADE
GRADUALLY
RECOVERED,
HONG
"WHETHER HONG KONG CAN MAINTAIN GROWTH THEREAFTER
SECTOR
TO
WILL DEPEND
IMPROVE ITS QUALITY,
AND
AND
ON THE ABILITY OF THE MANUFACTURING PRODUCTIVITY AND TECHNOLOGY LEVELS, UPGRADE ITS PRODUCT DIVERSIFY INTO OTHER MARKETS, PARTICULARLY IN EUROPE AND IN JAPAN
" HE SAID. THE DEVELOPING SOUTHEAST ASIAN ECONOMIES,
1989"
ARE OF THE
COPIES OF THE "HONG KONG'S MANUFACTURING INDUSTRIES NOW AVAILABLE FREE OF CHARGE FROM THE INDUSTRIAL DATA SECTION
FLOOR, OCEAN CENTRE, CANTON INDUSTRY DEPARTMENT AT ROOM 1412, 14TH ROAD, KOWLOON.
ARE REQUESTED TO
MEMBERS OF THE PUBLIC WISHING TO GET A COPY CALL AT THE ABOVE ADDRESS OR CONTACT MR M.O. CHEUNG ON TEL. 737 2409.
COMPANIES REGISTRY RELEASED HALF-YEARLY FIGURES
MR GENERAL,
NOEL
GLEESON, INDICATED
AREAS
FOR THE
FIGURES RELEASED BY THE REGISTRAR FOR THE COMPANIES REGISTRY OF HIS DEPARTMENT TODAY (FRIDAY) INCREASES AS WELL AS DECREASES OF ACTIVITY IN VARIOUS FIRST SIX MONTHS OF THE CALENDAR YEAR 1990 BY COMPARISON WITH THE SAME PERIOD OF 1989.
OF THE COMPANIES REGISTRY FIGURES SHOWED THAT THE TOTAL NUMBER
PER CENT COMPANIES ON THE REGISTER AT THE END OF JUNE 1990 AS COMPARED WITH THE TOTAL NUMBER AT THE END OF DECEMBER 1989 HAD INCREASED BY 5
36 FROM 242,709 TO 253,804 WHILE THE NUMBER OF NEW COMPANIES REGISTERED PER CENT FROM DURING THE FIRST SIX MONTHS OF 1990 HAD DECREASED 19,500 TO 12,513 AS COMPARED WITH THE CORRESPONDING PERIOD OF 1989.
/THE TOTAL