XN000022-1977-10-27 — Page 12

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THURSDAY, OCTOBER 27, 1977

MR. CHEN LISTED FACTORS WHICH COULD HINDER ITS PROCESS:

* LACK OF CENTRAL ECONOMIC PLANNING MACHINERY,

*

LACK OF INDUCEMENT FOR NEW INDUSTRIES,

*

*

*

*

*

INAVAILABILITY OF TECHNICAL MANPOWER AND KNOW-HOW,

LACK OF TECHNOLOGICAL INFRASTRUCTURE, SUCH AS A COMPREHENSIVE TECHNICAL INFORMATION SERVICE,

INABILITY TO INFLUENCE EXPORT OUTLETS WHICH ARE HEAVILY RELIED ON,

LACK OF A SECURE AND PROTECTED DOMESTIC MARKET, AND

DEPENDENCE ON DISTANT SOURCES OF RAW MATERIAL SUPPLIES.

PROVIDED SUITABLE ANSWERS TO SOME OF THESE COULD BE FOUND, WITHIN THE LIMITS IMPOSED BY HONG KONG'S NATURAL ENVIRONMENT, THERE WERE STILL MEASURES WHICH COULD BE TAKEN TO ACCELERATE INDUSTRIAL DIVERSIFICATION, HE SAID.

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