THURSDAY, OCTOBER 1, 1992

THE GOVERNMENT SPENDS ABOUT $40 MILLION EACH YEAR ON SLOPE MAINTENANCE. WHILE GEO ITSELF DOES NOT MAINTAIN SLOPES, THE JOB IS DONE BY OTHER DEPARTMENTS BUCH AS HIGHWAYS, ARCHITECTURAL SERVICES AND HOUSING DEPARTMENTS.

AS FOR NEW SLOPE WORKS, GEO CHECKS THE GEOTECHNICAL ASPECTS OF SLOPE DESIGNS AND STANDARD OF CONTROL OF EARTHWORK ON THE SITE.

"GEOTECHNICAL STANDARDS ARE THE SAME FOR GOVERNMENT PRIVATE DEVELOPMENT. HOWEVER, THE ADMINISTRATION OF PRIVATE CHECKING IS STRICTLY CONTROLLED UNDER THE BUILDINGS ORDINANCE, MALONE SAID.

AND

WORK

DR

HONG KONG BUILDING ON ECONOMIC TIES WITH CHINA

* *

HONG KONG IS

EMERGING AS A COMPLEX REGIONAL BUSINESS OFFERING WIDE-RANGING CAPABILITIES, AND WITH CONNECTIONS REACHING OVER THE WORLD, THE SECRETARY FOR TRADE AND INDUSTRY, MR T SAID IN TORONTO TODAY (THURSDAY).

HUB,

ALL

CHAU,

PEARL

HE DISCUSSED THE TERRITORY'S ECONOMIC RELATIONS WITH THE RIVER DELTA OF CHINA DURING A BUSINESS SEMINAR ORGANISED BY HONG KONG TRADE DEVELOPMENT COUNCIL IN CANADA.

NOTING THAT HONG KONG WAS MORE THAN AN ENTREPOT IN THE RELATIONSHIP, HE SAID: "HONG KONG'S TRADERS ARE NOT SIMPLY FUNNELLING GOODS INTO AND OUT OF CHINA."

RANGE OF AND

**THEY ARE ADDING VALUE TO RE-EXPORTS THROUGH A WIDE SUPPORT SERVICES, SUCH AS FINANCING, INSURANCE, ACCOUNTING TELECOMMUNICATIONS.

"THAT HAS CONTRIBUTED TO THE STRONG GROWTH OF HONG KONG'S FINANCIAL AND BUSINESS SECTORS IN RECENT YEARS, AND TO ITS GROWING ROLE AS AN ENTREPOT FOR THE ASIA-PACIFIC REGION AS A WHOLE," HE SAID.

HE POINTED OUT THAT THE ECONOMIC PARTNERSHIP BETWEEN HONG KONG AND THE PEARL RIVER DELTA COMBINED THE MARKETING AND MANAGEMENT EXPERTISE OF HONG KONG WITH THE LOW-COST MANUFACTURING FACILITIES OF THE PROVINCE.

"THE RESULT HAS BEEN A CHANGE IN THE EMPHASIS OF MANUFACTURING IN HONG KONG.

AND

"THE FOCUS IS INCREASINGLY ON HIGHER-TECHNOLOGY PRODUCTION, THE CONTROL, SUPPORT AND SERVICING OF OPERATIONS IN CHINA AND INDEED ELSEWHERE IN THE REGION.

ON

די

A

BY MANAGING THE RELATIONSHIP SKILFULLY, HONG KONG HAD FOUND WAY ΤΟ REDUCE PRODUCTION COSTS WITHOUT SACRIFICING QUALITY AND TURNAROUND TIME, HE SAID.

/MEANWHILE, THE

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