XN000022-1988-12-09 — Page 6

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FRIDAY, DECEMBER 9, 1988

ABOUT ANY EFFECTS ON MARKET FOR SKILLED OR HIGHLY

SECONDLY, THE GOVERNMENT WAS CONCERNED THE LABOUR MARKETS, PARTICULARLY THE QUALIFIED PEOPLE.

OTHER

то

HONG KONG THRIVED ON FOREIGN INVESTMENT, AND UNLIKE MANY PLACES, IT DID NOT HAVE ANY SPECIAL TAX BREAKS OR OTHER INCENTIVES PROMOTE SUCH INVESTMENT.

"BUT FOREIGN COMPANIES HAVE BECOME USED TO BEING ABLE

NEED, THEY THE SKILLS WITH LOCAL MARKET PEOPLE

HE SAID. INTERNATIONALLY VERY COMPETITIVE RATES OF PAY,

TO FIND OFTEN

AT

GROWTH, IS

INVESTORS WERE TURNING AWAY

"THAT MARKET, AFTER SO MANY YEARS OF FAST ECONOMIC TIGHTENING SOMEWHAT.

"IT WOULD CONCERN US IF FOREIGN BECAUSE THEY COULD NOT FIND THE PEOPLE THEY WANT.

"WE HAVE NO EVIDENCE OF THIS YET, BUT OBVIOUSLY WE WANT TO BEFORE ANY SUCH DEVELOPMENT TAKES PLACE.

"WE ARE

ACT

CAREFULLY

AT OUR GRADUATE AND

ΤΟ PEOPLE

FILL SUFFICIENT

LOOKING THEREFORE MANAGERIAL PROGRAMMES TO ENSURE WE TRAIN ANY GAPS WHICH MAY ARISE.

WE ARE

"AT THIS TIME WE ARE PRODUCING FAR MORE GRADUATES THAN LOSING, ALTHOUGH THERE IS OF COURSE SOME DILUTION OF EXPERIENCE.

SIR DAVID EMPHASISED THAT THE GOVERNMENT WOULD NOT BE INTO HASTY ACTION, AS FREEDOM OF MOVEMENT WAS SACROSANCT.

PANICKED

ANY ACTION TAKEN WOULD BE OF A LONG TERM, CONSIDERED NATURE. "A GOVERNMENT TASK FORCE HAS RECENTLY COMPLETED A STUDY OF WHOLE SUBJECT, AND WE NOW HAVE A MUCH BETTER PICTURE OF WHAT PEOPLE ARE LEAVING, WHERE THEY ARE GOING, AND WHY," HE SAID.

"THE NEXT STAGE WILL BE TO LOOK AT WHAT MEASURES TO REDUCE THE IMPACT OF THE OUTFLOW.

THE

KIND OF

WE CAN TAKE

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ABOVE ALL, AS ALWAYS, WE WILL CONTINUE TO DO MAKE HONG KONG AN EVEN BETTER PLACE TO LIVE

FOR THIS CHILDREN IN, AND MATTER RETURN TO."

-

-

IS NOT AN

IN, WORK INSIGNIFICANT

ALL WE CAN BRING IN,

PART OF THE

ΤΟ

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