XN000022-1987-09-10 — Page 6

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5

THURSDAY, SEPTEMBER 10, 1987

HAS HELPED WITH A

MR HOWARD NOTED THAT SINCE 1983, THE ONE STOP UNIT 58 NEW OR EXPANDED OVERSEAS MANUFACTURING INVESTMENT PROJECTS TOTAL INVESTMENT OF CLOSE TO $1 BILLION, CREATING OVER 2,800 JOBS.

"CURRENTLY THERE ARE 27 COMMITTED PROJECTS WHICH WE COME ON STREAM DURING 1987.

"MORE IMPORTANT, IN THE FINAL ANALYSIS, THAN DOLLARS IS THE TECHNOLOGY LEVEL OF THE NEW INVESTMENTS.

EXPECT TO

AND JOBS

ASSISTED PROJECTS SHOWS HIGHER LEVEL THAN KONG AT THE TIME THE

OF ITS "ANALYSIS BY THE DEPARTMENT THAT 50 PER CENT INVOLVE TECHNOLOGY WHICH IS AT A THAT EXISTING IN THE RELEVANT SECTOR IN HONG INVESTMENT WAS MADE.

SIMILAR A

LEVEL TO "A FURTHER 30 PER CENT ARE AT EXISTING HONG KONG MANUFACTURERS. JUST OVER ONE-THIRD OF THE PROJECTS INVOLVED MANUFACTURE OF PRODUCTS NEW TO HONG KONG,

THE BEST ASSISTED HE SAID.

EXTERNAL TRADE STATISTICS FOR JULY 1987

TOTAL MERCHANDISE TRADE IN JULY 1987, AT $68,544 MILLION, GREW BY 40 PER CENT IN VALUE TERMS, COMPARED WITH JULY 1986, ACCORDING TO STATISTICS RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

COMPARED WITH JULY 1986, DOMESTIC EXPORTS INCREASED IN VALUE RE-EXPORTS TERMS BY 33 PER CENT TO $18,948 MILLION IN JULY 1987 WHILE

MILLION, ROSE BY 54 PER CENT TO $16,298

BRINGING TOTAL EXPORTS IN JULY 1987 TO $35,246 MILLION, WHICH WAS 42 PER

HIGHER THAN IN

JULY 1986.

CENT

IMPORTS INCREASED IN VALUE

ON THE SAME BASIS OF COMPARISON, TERMS BY 38 PER CENT TO $33,298 MILLION IN JULY 1987.

DOMESTIC EXPORTS TO ALL MAJOR MARKETS INCREASED IN VALUE TERMS BETWEEN JULY 1986 AND JULY 1987.

SUBSTANTIAL GROWTH WAS RECORDED IN DOMESTIC EXPORTS TO CENT), (+68 PER CENT), CHINA (+59 PER

FRANCE (+50 PER NETHERLANDS (+42 PER CENT) AND THE FEDERAL REPUBLIC PER CENT).

JAPAN

CENT), OF GERMANY

THE

(+40

/ON THE