THURSDAY, OCTOBER 18, 1990
TO MEET FORECAST GROWTH AND TO REPLENISH LOSSES DUE TO WASTAGE DURING THE EIGHT YEARS 1989 TO 1996, MR YEUNG SAID THE GOVERNMENT ESTIMATED THAT ABOUT 113,000 NEW GRADUATE ENTRANTS INTO THE LABOUR MARKET WOULD BE REQUIRED FOR ALL OCCUPATIONS.
"THE PROFESSIONAL, TECHNICAL AND MANAGERIAL GROUP OF WORKERS ALONE WOULD REQUIRE ABOUT 96,000 OR 85 PER CENT OF THE TOTAL NUMBER OF NEW GRADUATE ENTRANTS, HE POINTED OUT.
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TURNING TO THE SUPPLY SIDE, MR YEUNG SAID THE GOVERNMENT WAS WALKING A TIGHTROPE.
"WHILST WE HAVE A REASONABLE DEGREE OF CONTROL OVER PRODUCTION, REPRESENTED BY THE OUTPUT OF OUR TERTIARY EDUCATION AND VOCATIONAL TRAINING INSTITUTIONS, ANYTHING THAT DAMAGES CONFIDENCE IN HONG KONG'S FUTURE WILL HAVE THE EFFECT OF CREATING FURTHER WASTAGE IN DWINDLING STOCK OF GRADUATE MANPOWER.
"IT WILL ALSO HAVE THE EFFECT OF MAKING OUR OVERSEAS THINK TWICE BEFORE THEY DECIDE TO RETURN.
"IT IS AGAINST THIS BACKGROUND, THEREFORE, THAT THE IS TRYING TO DO EVERYTHING REASONABLY WITHIN ITS POWER PRODUCE AND ATTRACT AN ADEQUATE SUPPLY OF QUALIFIED AND MANPOWER, MR YEUNG SAID.
TO
OUR
STUDENTS
GOVERNMENT
RETAIN,
EXPERIENCED
"THE MEASURES AT ITS DISPOSAL ARE VARIED BUT THEY UNLIMITED, HE ADDED.
FIRST AND FOREMOST IS THE NEED TO RETAIN. NATIONALITY SCHEME, AND SIMILAR SCHEMES THAT GOVERNMENT HAVE TRIED SO HARD TO SECURE FOR USEFUL.
ARE
NOT
"HERK THE
BRITISH
THE UNITED KINGDOM US,
SHOULD BE VERY
"THEY ARE DESIGNED TO GIVE THOSE WHO ARE MOST PRONE TO EMIGRATE THE DEGREE OF CONFIDENCE THEY NEED TO CONTINUE WORKING AND LIVING IN HONG KONG, HE SAID.
REGARDING NEW PRODUCTION, MR YEUNG SAID THE GOVERNMENT WAS SEEKING TO PROVIDE TERTIARY EDUCATION TO A MUCH LARGER PROPORTION OF OUR YOUNG PEOPLE THAN BEFORE.
"WE
FIRST-DEGREE PLACES,
NOW PROVIDE ABOUT 7,100 FIRST-YEAR, SUFFICIENT TO COVER ABOUT EIGHT PER CENT OF THE RELEVANT AGE GROUP OR ABOUT ONE IN THREE MATRICULANTS.
"WE
AIM TO DOUBLE THIS LEVEL OF PROVISION TO 15,000 PLACES BY 1994-95, REPRESENTING NOT LESS THAN 18 PER CENT OF THE AGE GROUP OR ABOUT FOUR IN FIVE MATRICULANTS," HE SAID.
TOGETHER WITH THE OUTPUT OF OUR SUB-DEGREE COURSES, THIS MEANS THAT 25 PER CENT OF THE RELEVANT AGE GROUP WOULD BE GOING ON TO SOMB FORM OF HIGHER EDUCATION.
"THIS AMBITIOUS EXPANSION PROGRAMME SHOULD PRODUCE SOME 88,400 FIRST DEGREE GRADUATES BETWEEN 1989 AND 1996, OR ABOUT 78 PER CENT OF THE 113,000 NEW GRADUATES THAT OUR FORECAST SAYS WE WILL NEED BY 1996.
/"WHILST, ON