FRIDAY, MARCH 13, 1992
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HK'S INDUSTRIES IMPORTANT TO SOUTH CHINA'S ECONOMIC
TRANSFORMATION: GOVERNOR
HONG KONG'S INDUSTRIES ARE PLAYING A MAJOR PART IN THE TRANSFORMATION OF SOUTH CHINA AS ONE OF THE FASTEST GROWING ECONOMIES IN THE WORLD.
THIS WAS STATED BY THE GOVERNOR, LORD WILSON, AT THE DINNER RECEPTION OF THE CHINESE MANUFACTURERS' ASSOCIATION (CMA) THIS
(FRIDAY) EVENING.
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HE SAID HONG KONG HAD PLAYED AN IMPORTANT ROLE IN THAT BY PROVIDING INVESTMENT, TECHNICAL KNOW-HOW AND MANAGERIAL
PROCESS SKILLS.
"WE NEED TO LOOK AT OUR OWN INDUSTRY AS WELL AS THE IMPORTANT DEVELOPMENTS TAKING PLACE IN SOUTHERN CHINA, HE ADDED.
LORD WILSON SAID THE DYNAMIC ECONOMIC RELATIONSHIP WHICH HAD BEEN FORGED BETWEEN HONG KONG AND GUANGDONG WOULD CONTINUE TO THRIVE TO THE BENEFIT OF BOTH SIDES.
HE SAID HONG KONG PEOPLE HAD BENEFITTED GREATLY FROM THE CLOSE RELATIONSHIP WITH GUANGDONG OVER THE YEARS AND HE WAS SURE THAT
THIS: RELATIONSHIP WOULD CONTINUE.
TO MEET THE CHALLENGES AHEAD, LORD WILSON SAID: "WE NEED то BRING IN NEW IDEAS AND GET THE BEST OUT OF OUR WORKFORCE THROUGH MORE AUTOMATION.
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THIS WOULD MEAN USING NEW ADVANCED TECHNOLOGY TO THE GREATEST
SUCCESS POSSIBLE.
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"THE GOVERNMENT IS DOING WHAT IT CAN TO HELP," HE STRESSED.
LOOKING AHEAD, LORD WILSON SAID THE GOVERNMENT WAS BUILDING INDUSTRIAL TECHNOLOGY CENTRE TO PROVIDE A LAUNCHING PAD FOR NEW TECHNOLOGY-BASED FIRMS.
THE GOVERNMENT WAS ALSO EXPLORING THE FEASIBILITY OF SETTING UP
A SCIENCE PARK.
THIS SUMMER, THE GOVERNMENT WOULD BE LAUNCHING A $200 MILLION SCHEME TO SUPPORT APPLIED INDUSTRIAL RESEARCH AND DEVELOPMENT.
TO UNDERLINE THE VITAL LINK BETWEEN INDUSTRY AND TECHNOLOGY, THE GOVERNMENT HAD RECENTLY SET UP A NEW INDUSTRY AND TECHNOLOGY DEVELOPMENT COUNCIL.
HE ALSO SAID INDUSTRY ITSELF WAS MAKING THE CHANGES WHICH HONG KONG NEEDED TO STAY COMPETITIVE.
THE EMPHASIS PLACED ON DESIGN, QUALITY AND TECHNOLOGY HAD NEVER BEEN STRONGER.
/"SO IT