XN000022-1989-06-06 — Page 12

11

TUESDAY, JUNE 6, 1989

JAPAN SHOWS CONFIDENCE IN HK'S LINKAGE INDUSTRIES

* *

INDUSTRIAL

INVESTORS

FROM JAPAN HAVE SHOWN THEIR GROWING PARTS AND CONFIDENCE IN HONG KONG'S ABILITY TO PRODUCE SOPHISTICATED COMPONENTS AND OTHER SEMI-MANUFACTURES OF HIGH QUALITY, ACCORDING THE ACTING DIRECTOR OF INDUSTRY, MR ANDREW LEUNG KIN-PONG.

ADDRESSING POTENTIAL

ΤΟ

AT AN INDUSTRIAL TODAY (TUESDAY),

NUMBER INCREASING

INVESTORS JAPANESE

IN TOKYO HELD

HAD BEEN AN

INVESTMENT PROMOTION SYMPOSIUM

THERE LEUNG POINTED OUT THAT JAPANESE FACTORIES INVOLVED IN THE LINKAGE INDUSTRIES IN HONG KONG.

THE

WHICH

CONVERTED

MR

OF

IMPORTED RAW OF NUMBER

THESE FIRMS,

AND MATERIALS INTO SEMI-MANUFACTURES, COMPONENTS, AND INTERMEDIATES,

FOR FURTHER ASSEMBLY INTO SOLD THEM TO OTHER MANUFACTURERS EITHER

FROM 61 IN FINISHED PRODUCTS OR AS PRODUCTION INPUTS, HAD INCREASED

FOR ABOUT HALF OF THE JAPANESE

1986 TO 77 IN 1987, INVESTMENT IN HONG KONG.

ACCOUNTING

MOREOVER, MR LEUNG

SAID,

MOST OF FACTORIES IN HONG KONG TENDED TO MAKE PARTS LOCAL MANUFACTURERS.

"THIS

DEVELOPMENT

THE JAPANESE ELECTRONICS AND COMPONENTS FOR THE

MANUFACTURING

TO OUR IS BENEFICIAL INDUSTRIES. LINKAGE INDUSTRIES FORM A VITAL BRIDGE BETWEEN OUR OF RAW MATERIALS, AND OUR EXPORTS OF FINISHED PRODUCTS.

IMPORT

"THE QUALITY OF OUR FINISHED PRODUCTS DEPEND ULTIMATELY ON CAPABILITY OF THE LINKAGE INDUSTRIES THAT SERVICE THEM.

THE

ASSEMBLY WORK "IN ADDITION, AS MORE AND MORE LABOUR INTENSIVE

INCREASINGLY BEING CAN BE CARRIED OUT IN SOUTH-CHINA, HONG KONG IS RELIED UPON FOR THE SUPPLY OF LINKAGE MATERIALS AND PARTS, AS WELL AS RELATED TECHNICAL SUPPORT INCLUDING DESIGN AND DEVELOPMENT, LABORATORY

MR LEUNG SAID. TESTING AND QUALITY MANAGEMENT,

BECAUSE OF THESE REASONS,

HE FIRMLY BELIEVED THAT JAPANESE TO IMPROVE THE QUALITY THEREBY PRODUCTS,

ENHANCING THE

INVESTMENT IN THE LINKAGE INDUSTRIES HELPED AND OUTPUT OF HONG KONG-MADE COMPETITIVENESS OF LOCAL MANUFACTURERS,

MEANWHILE, MR LEUNG NOTED THAT THERE WAS IN JAPANESE INVESTMENT IN THE ELECTRONICS SECTOR.

"THERE

IS A

MARKED SHIFT

OUT

OF

A DRAMATIC UPSURAGE

BASICALLY ASSEMBLY-TYPE OPERATIONS TO RELATIVELY SOPHISTICATED PRODUCTS OF HIGHER QUALITY.

"THIS REFLECTS YOUR GROWING CONFIDENCE

IN HONG KONG'S ABILITY

THE

THE

TO MANUFACTURE SUCH PRODUCTS, AS WAS ECHOED IN A RECENT REPORT BY

|| MR LEUNG TOLD JAPAN EXTERNAL TRADE ORGANISATION (JETRO), JAPANESE INVESTORS.

/TURNING TO ...............