14
END
ON HONG KONG'S MANUFACTURING INDUSTRY, SIR DAVID SAID HONG KONG NOW PRODUCED MORE SOPHISTICATED PRODUCTS FOR THE MIDDLE AND UPPER OF THE MARKET.
FROM
"DESIGN AND TECHNOLOGY CONTINUE TO IMPROVE AS COMPETITION ELSEWHERE IN THE REGION CONCENTRATES THE MINDS OF OUR ENTREPRENEURS ON INCREASING VALUE ADDED.
IS A TREND
WHICH WILL
CONTINUE
AS WE EXPERIENCED IN MANAGING PRODUCTION ELSEWHERE," HE SAID.
"THIS
BECOME MORE
POINTING OUT THAT HONG KONG HAD ALSO BECOME A SERVICE HUB
ORIGINALLY OFF-SHORE PRODUCTION, SIR DAVID SAID TRADE RESTRICTIONS DROVE SOME OF HONG KONG'S TEXTILES AND INVEST ABROAD.
FOR
CLOTHING MANUFACTURERS ΤΟ
WILL NOW SOUTH- AMERICA AND
"OTHER INDUSTRIES HAVE FOLLOWED THEIR LEAD AND YOU FIND PLANTS OWNED AND OPERATED BY HONG KONG FIRMS NOT ONLY IN
NORTH CENTRAL AND EAST ASIA, BUT ALSO THE CARIBBEAN, EUROPE.
"OUR BUSINESSMEN NOW THINK GLOBALLY, MULTI-NATIONALLY.
"IN THIS THEY ARE SEVERAL STEPS AHEAD OF THEIR COMPETITORS KOREA AND TAIWAN AND THERE IS A PARALLEL TREND IN INVESTMENT
SIR DAVID SAID. SERVICE SECTOR INDUSTRIES SUCH AS HOTELS,
POINTED OUT
THAT
IN
IN
THE
CHINA'S REOPENING
HAD
HE RECENTLY, MORE PRESENTED NEW OPPORTUNITIES AND HONG KONG'S BUSINESSMEN HAD BEEN QUICK TO RESPOND.
-
THE "THEY HAVE INVESTED NEARLY $90 BILLION IN CHINA, MOSTLY IN
FOR SOME TWO SOUTH. IN THE PROCESS THEY HAVE CREATED EMPLOYMENT
KONG'S OWN MILLION PEOPLE
TWO-AND-A-HALF TIMES HONG IN GUANGDONG MANUFACTURING WORKFORCE.
"HONG KONG HAS BECOME THE ENGINE GROWTH FOR THE SOUTH 1984 AND 1989 GUANDONG HAS GROWN AT AN ANNUAL AVERAGE RATE 14 PER CENT, COMPARED WITH 9 PER CENT FOR CHINA AS A WHOLE,'
M
BETWEEN OF OVER HE SAID.
"ABUNDANT LAND, LABOUR AND A WILLINGNESS TO LEARN ON ONE SIDE CAPITAL, TECHNOLOGY, OF THE BORDER AND HONG KONG'S READY ACCESS TO MANAGEMENT, AND MARKETING SKILLS ON THE OTHER FORM A POTENT SYMBIOSIS.
-
**
'NOWHERE ELSE IN THE REGION DOES SUCH A HAPPY JUXTAPOSITION
IN SOUTHERN THE POTENTIAL FOR GROWTH COMPARATIVE ADVANTAGE EXIST. CHINA IS ENORMOUS.
OF
"HONG KONG IS FUELLING IT AND IS PERFECTLY PLACED TO BOTH AND BENEFIT FROM IT, SIR DAVID SAID.
**
AID
INTERNATIONAL ON THE ROLE OF HONG KONG AS A CENTRE FROM WHICH
SAID HONG KONG FIRMS COULD RUN THEIR ASIAN OPERATIONS, SIR DAVID OFFERED EVERYTHING THE MULTINATIONAL NEEDS: CONVENIENT TRANSPORTATION FIRST CLASS COMMUNICATIONS, LINKS то HEAD OFFICE AND THE REGION, EFFICIENT, HARDWORKING, INCREASINGLY WELL EDUCATED PERSONNEL REFRESHING ABSENCE OF RED TAPE.
AND A
/"IT IS