FRIDAY, FEBRUARY 21, 1992
ROLLS
"SO HONG KONG IS A GOOD PLACE FOR BRITISH BUSINESS, AS IS AMPLY SEEN BY THE SUCCESSES OF FIRMS SUCH AS GEC AND BABCOCK, ROYCE, TRAFALGAR HOUSE, JOHN BROWN ENGINEERING, LEYLAND AND CAMMELL. IN RECENT YEARS THESE COMPANIES HAVE OBTAINED ORDERS OVER TWO BILLION POUNDS, HE ADDED.
METRO
WORTH
IN CONCLUSION, MR YAXLEY SAID: "WE BELIEVE THAT WE ARE ONLY JUST BEGINNING TO SEE THE FULL IMPLICATIONS. OF THE ECONOMIES OF THE ASIA PACIFIC REGION ARE LIKELY ΤΟ RATES DOUBLE THOSE OF EUROPE AND NORTH AMERICA, OR JAPAN OVER THE NEXT DECADE."
FACT THAT THE ACHIEVE GROWTH EVEN THOSE OF
IT WAS BECAUSE OF THIS BELIEF THAT THE HONG KONG GOVERNMENT WAS PLANNING THIS MASSIVE NEW AIRPORT INVESTMENT.
"HONG KONG'S PARTICIPATION IN THIS RAPID EXPANSION AND, INDEED, THAT OF CHINA'S WOULD BE ADVERSELY AFFECTED IF WE HAD NOT DECIDED TO PROCEED WITH 10 BILLION POUNDS WORTH OF NEW INVESTMENT IN OUR NEW AIRPORT," HE SAID.
ORDERS-ON-HAND, EMPLOYMENT AND PER CAPITA EARNINGS FIGURES
FOR DECEMBER RELEASED
* *
1
IN DECEMBER LAST YEAR, THE AVERAGE VOLUME OF ORDERS-ON-HAND REPORTED BY THE 200 LARGEST MANUFACTURING COMPANIES SHOWED LITTLE CHANGE WHEN COMPARED WITH NOVEMBER LAST YEAR, BUT INCREASED BY FOUR PER CENT WHEN COMPARED WITH DECEMBER 1990, ACCORDING TO THE RESULTS OF A SURVEY RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT,
COMPARED WITH NOVEMBER 1991, THE AVERAGE VOLUME OF ORDERS-ON- HAND IN DECEMBER 1991 INCREASED SLIGHTLY IN THE PLASTIC PRODUCTS INDUSTRY, BUT DECREASED SLIGHTLY IN THE TEXTILES INDUSTRY.
OVER THE SAME PERIOD, ORDERS POSITION FOR THE WEARING APPAREL, FABRICATED METAL PRODUCTS, AND THE ELECTRICAL AND ELECTRONIC PRODUCTS INDUSTRIES SHOWED LITTLE CHANGE.
IN DECEMBER
COMPARED WITH DECEMBER 1990, THE ORDERS POSITION 1991 IMPROVED IN MOST MANUFACTURING INDUSTRIES, WITH THE LARGEST INCREASES RECORDED IN THE PLASTIC PRODUCTS AND TEXTILES INDUSTRIES, FOLLOWED BY INCREASES IN THE WEARING APPAREL, FABRICATED METAL PRODUCTS AND THE ELECTRICAL AND ELECTRONIC PRODUCTS INDUSTRIES.
THE AVERAGE VOLUME OF ORDERS-ON-HAND IS MEASURED IN TERMS OF THE NUMBER OF MONTHS AND REFERS TO ORDERS OUTSTANDING AS AT THE END OF THE REFERENCE MONTH.
/ON EMPLOYMENT