XN000022-1987-12-08 — Page 7

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TUESDAY, DECEMBER 8, 1987

FOREIGN INVESTMENT IN MANUFACTURING INDUSTRY CONTINUES

INVESTMENT IN HONG KONG'S TO HAVE CONTINUED THIS

THE ENCOURAGING TREND IN OVERSEAS MANUFACTURING INDUSTRY LAST YEAR WAS LIKELY

YEAR, THE DIRECTOR OF INDUSTRY, MR K. Y. YEUNG, SAID TODAY (TUESDAY).

ASIA PRODUCTIVITY ORGANISATION MR YEUNG

THE SAID

INDUSTRY 116 OVERSEAS PROJECTS ON ITS COMPARED WITH 76 AT THE

SPEAKING AT THE OPENING OF AN

INVESTMENT, SYMPOSIUM ON FOREIGN DEPARTMENT ALREADY HAD AN ADDITIONAL RECORDS AT THE END OF NOVEMBER THIS YEAR, SAME TIME LAST YEAR.

OVERSEAS INVESTMENT HE SAID THE PRINCIPAL AIM OF PROMOTION OF WAS TO FACILITATE THE TRANSFER OF TWO MAIN GROUPS OF TECHNOLOGIES.

IN ORDER то "THEY CONSIST OF THOSE WHICH OUR INDUSTRIES NEED

THAT OVERCOME THE BARRIERS TO THEIR DEVELOPMENT AND GROWTH, AND THOSE

HIGHER LEVEL OF OUR INDUSTRIES NEED TO APPLY IN ORDER TO ACHIEVE A PERFORMANCE AND PRECISION.

"THE MOST OBJECTIVE MEASURE OF THE EFFECTIVENESS OF ITS INWARD OVERSEAS INVESTMENT PROMOTION PROGRAMME LIES IN ITS ANNUAL SURVEYS OF INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRIES," HE NOTED.

MR YEUNG ALSO POINTED OUT THAT THE DIRECT INVESTMENT IN MANUFACTURING SECTOR.

WAS

HE ADDED

THAT THE

GOVERNMENT TOOK THE VIEW BEST LEFT TO THE PRIVATE

GOVERNMENT

HAD

TWO FORMULATED

MAIN INDUSTRIES ON THE BASIS OF

UNDERTAKEN BY STUDIES

THE

PROGRAMMES OF ACTIVITIES IN SUPPORT OF ADVICE

INDUSTRY-SPECIFIC TENDERED BY INDUSTRY DEPARTMENT.

SECOND AND THE

"THE FIRST SEEKS TO ENCOURAGE LOCAL INDUSTRIES TO MAINTAIN IMPROVE THEIR EXTERNAL COMPETITIVENESS PROMOTE AND FACILITATE OVERSEAS INVESTMENT THOSE BUSINESSES THAT SUPPORT MANUFACTURING,

SEEKS IN MANUFACTURING AND

MR YEUNG SAID.

է.

AND

ΤΟ IN

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