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LAN
Wednesday, October 4, 1972
However, it remains a sizeable industry, employing some 13,000
workers, with exports in 1971 valued at $527 million.
The production of watches and clocks in Hong Kong has improved
significantly both in quality and quantity, and the products have taken
foothold in foreign marketa.
Although foreign manufacturers supply most of the movement parts,
Hong Kong has gained a good reputation for the quality of its watches, clock
cases and product designs.
The export of watches and clocks, as well as parts, was valued at
$17 million in 1960, and jumped to over $263 million last year.
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