Wednesday, October 4, 1972
The electronics industry has developed most rapidly in recent years.
Starting with two factories assembling transistor radios from wholly imported
parts late in 1959, there are now 281 factories, manufacturing transistor
radios, TV sets and parts, computer memory systems and electronic components.
Latest additions to the list are the manufacture of pre-packaged.
electronic modules and desk calculating machines.
The manufacture of transistor raidos is the largest sector of the
industry. However, other sectors have been gaining in importance, in particular
computer parts and TV sets and parts.
In the plastics industry, novelties, dolls and toys, many of which
are of excellent design and quality, account for much of the industry's
production.
Many overseas manufacturers co-operate with local firms to manufacture
toys in Hong Kong under licensing agreements.
The production of plastic flowers and fruits is significant and
exports were valued at $353 million in 1971.
Many of Hong Kong's 3,019 plastics factories are equipped with up-
to-date machinery, many of the injection and extrusion machines being manufactured
in Hong Kong.. Dies and moulds are made locally and are also exported world-
wide.
The wig industry was started in 1964 and has prospered until recently
when it suffered a decline, in part at least as a result of the economi
recession in America its major market.
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/However,
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