14
THURSDAY, APRIL 15, 1993
THIS HAD COME PARTLY THROUGH OUTWARD PROCESSING IN CHINA, AND ALSO THROUGH CONTINUING, SUBSTANTIAL INCREASES IN PRODUCTIVITY, WHICH, ΤΟ A LARGE EXTENT, WAS A RESULT OF HIGH LEVELS OF INVESTMENT BY INDUSTRY IN MORE EFFICIENT MACHINERY AND TECHNIQUES, HE SAID.
"INVESTMENTS IN INDUSTRIAL MACHINERY LAST YEAR WERE AGAIN AT A VERY HIGH LEVEL, WHICH PROMISES WELL FOR PRODUCTIVITY GROWTH IN COMING YEARS," HE SAID.
THE SECRET OF THIS PARTNERSHIP WAS THAT IT WAS NOT ONE THAT PROVIDES A CUSHION FROM REALITY FOR INDUSTRY, NOR ONE THAT HAD BUREAUCRATS DOING INDUSTRY'S THINKING FOR IT, BUT IT WAS A PARTNERSHIP THAT PROMOTES COMPETITION: COMPETITION THAT DELIVERS CHOICE, HOLDS PRICES DOWN, ENCOURAGES INNOVATION AND SERVICE, AND DELIVERS ECONOMIC GROWTH, MR CHAU SAID.
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FULL BACKING FOR INDUSTRIAL DEVELOPMENT
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THE GOVERNMENT HAS TAKEN A NUMBER OF MEASURES TO SUPPORT THE DEVELOPMENT OF INDUSTRIES IN RESPONSE TO INCREASING CONSUMER DEMAND FOR HIGH QUALITY GOODS AND RISING COMPETITION FROM NEARBY REGIONS, THE ACTING DIRECTOR-GENERAL OF INDUSTRY, MR RICKY FUNG, SAID TONIGHT (THURSDAY).
HE SAID ONE OF THESE MEASURES WAS THE LAUNCHING OF THE RESEARCH AND DEVELOPMENT SCHEME IN FEBRUARY THIS YEAR.
APPLIED
MR FUNG WAS SPEAKING AT THE 32ND ANNIVERSARY-CUM-INAUGURATION CEREMONY OF THE CHIU CHAU PLASTIC MANUFACTURERS' ASSOCIATION COMPANY LIMITED.
THE AIM OF THE SCHEME IS TO ENCOURAGE LOCAL MANUFACTURERS ΤΟ CARRY OUT APPLIED RESEARCH AND DEVELOPMENT PROJECTS IN ORDER TO RAISE THE STANDARD OF HONG KONG'S INDUSTRIES.
"OTHER SUPPORTING SERVICES INCLUDE THOSE PROVIDED BY THE RONG KONG PRODUCTIVITY COUNCIL, THE HONG KONG PLASTICS TECHNOLOGY CENTRE AND THE HONG KONG INDUSTRIAL TECHNOLOGY CENTRE WHICH IS DUE TO BE COMPLETED BY THE MIDDLE OF 1994.
"THESE ORGANISATIONS ARE ESTABLISHED BY THE GOVERNMENT TO MEET THE NEEDS OF INDUSTRIAL DEVELOPMENT IN FUTURE, AND IT IS HOPED THAT THROUGH THEIR EFFORTS, THE TECHNOLOGY LEVEL AND PRODUCT RANGE OF HONG KONG'S INDUSTRIES CAN BE PUSHED INTO A NEW REALM, MR FUNG SAID.
HE ALSO POINTED OUT THE REMARKABLE ACHIEVEMENTS OF THE PLASTICS INDUSTRY OVER THE YEARS.
AT FIRST FOCUSING ON MANUFACTURING PLASTIC FLOWERS AND SIMPLE HOUSEHOLD UTENSILS IN THE 50'S AND 60'S, HONG KONG HAS NOW A MAJOR EXPORTING REGION FOR PLASTIC APPLIANCES AND OTHER PRODUCTS.
TOYS,
HOUSEHOLD
BECOME ELECTRICAL
/"BECAUSE OF