TUESDAY, JULY 31, 1990
MANUFACTURERS MEANS OF
MR CHAN SAID THE GOVERNMENT'S POLICY HAD FORCED TO MAKE CONTINUOUS EFFORTS TO SEEK THE MOST COST-EFFECTIVE
EFFECT OF SHARPENING THE PRODUCTION, THEREBY ACHIEVING COMPETITIVE EDGE OF OUR PRODUCTS.
THE
BY
HE SAID HONG KONG MANUFACTURERS, BEING CONSTANTLY EXERCISED
HIGH DEGREE SUCH AN OPERATING ENVIRONMENT, HAD GENERALLY DEVELOPED A
GRASP OF FLEXIBILITY AND ADAPTABILITY, AS WELL AS A STRONG ABILITY TO OPPORTUNITIES.
"THE INITIATIVE TAKEN BY HONG KONG MANUFACTURERS
MAJOR INVESTMENTS AND TO PURSUE 10 YEARS TO MAKE
AND OTHER PARTS SHENZHEN CO-OPERATION ACTIVITIES IN PROVIDE THE BEST EXAMPLES OF THEIR ABILITY TO TAKE
ΤΟ OFFERED BY CHINA'S OPENING UP
AND PROBLEMS OF HIGH LAND PRICES WERE FACED IN HONG KONG,
HE SAID.
IN THE PAST OTHER ECONOMIC
OF GUANGDONG THE OPPORTUNITIES
TO WORLD
SOLVE THE WITH WHICH THEY
THE LABOUR SHORTAGE
OUTSIDE
MR CHAN SAID HONG KONG'S ECONOMIC TERRITORY'S UNIQUE ECONOMIC CIRCUMSTANCES.
ECONOMY, GOVERNMENT'S
POLICY
WAS
ΤΟ SUITED
THE
TO
HONG KONG
VULNERABLE IS "AS A SMALL AND OPEN
TO CAPACITY
TAKE EFFECTIVE EXTERNAL
AND FACTORS, MEASURES TO OFFSET UNFAVOURABLE EXTERNAL INFLUENCES IS LIMITED.
FOR THE "IN THESE CIRCUMSTANCES, IT IS USUALLY MORE EFFECTIVE
THE MARKET FORCES ALLOCATION OF ECONOMIC RESOURCES TO BE DECIDED BY OF SUPPLY AND DEMAND.
"WITH
THIS POLICY,
INVEST, TO
COUPLED
WITH
A
TAXATION
WHICH SYSTEM HARD AND FOR OUR PROVIDES STRONG INCENTIVES FOR OUR LABOUR TO WORK
INTO AN HAS DEVELOPED HONG KONG ENTREPRENEURS
FINANCIAL CENTRE INTERNATIONALLY-RENOWNED INDUSTRIAL, COMMERCIAL AND IN THREE TO FOUR DECADES.
"THIS IS REALLY A REMARKABLE ACHIEVEMENT AND IS AN ECONOMIC MIRACLE BY MANY PROPLE ALL OVER THE WORLD,
RECOGNISED AS HE SAID.
HONG
HE SAID WHILE THE GOVERNMENT DID NOT PROTECT OR SUBSIDISE
INFRASTRUCTURAL KONG'S INDUSTRIES, IT ACTIVELY PROVIDED THE NECESSARY AND DEVELOPMENTAL SUPPORT TO PROMOTE AND ENCOURAGE THEIR GROWTH.
INFRASTRUCTURE AS
WAS
DIRECT AND
AND WITH ADEQUATE
IN THE SUPPLY
THROUGH CONCERNED, AS FAR INVESTMENT AND CONSTRUCTION, CO-OPERATION WITH THE PRIVATE SECTOR
UTILITIES, PUBLIC
THE GOVERNMENT MONITORING OF THE PRIVATELY-OWNED
WAS PROVIDED ENSURED THAT THE INDUSTRIAL SECTOR EFFICIENT FACILITIES AND SERVICES AT REASONABLE COSTS OF WATER AND ELECTRICITY, TELECOMMUNICATION AND TRANSPORTATION,
ON AS REGARDS INDUSTRIAL LAND, THE GOVERNMENT WOULD GRANT LAND
LAND AND CAPITAL SPECIAL TERMS TO INDUSTRIES WHICH REQUIRE A LOT OF
AND RAISE IN ORDER TO DEVELOP THE FOUNDATION OF HONG KONG'S INDUSTRY THE STANDARD OF INDUSTRIAL TECHNOLOGY.
/"WE ALSO