THURSDAY, JUNE 22, 1989
"THESE ENABLE HONG KONG TO MANAGE AND BENEFIT FROM OFFSHORING MANUFACTURING, INCLUDING THAT IN GUANGDONG.
"ALTERNATIVELY, IF OFFSHORE MANUFACTURING IN CHINA OR ELSEWHERE BECOMES LESS ATTRACTIVE FOR VARIOUS REASONS, A COMPETITIVE HIGH-VALUE ADDED MANUFACTURING SECTOR WOULD HELP CAPTURE SOME OF THE
ON PROFITABILITY PRODUCTION WHICH DOES NOT RELY FOR CHEAP LABOUR," MR LEUNG SAID.
ROLE
ITS
ACCESS TO
HAVE A
AN JOINT
"IN ADDITION, BOTH SCIENCE AND TECHNOLOGY AND INDUSTRY то PLAY IN STRENGTHENING HONG KONG'S
AS POSITION
UNDER THE INTERNATIONAL CITY WITH A SEPARATE ECONOMIC ENTITY DECLARATION.
"WE HAVE ALREADY BECOME A CONTRACTING PARTY ΤΟ THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT) AND A SEPARATE MEMBER OF THE CUSTOMS CO-OPERATION COUNCIL.
"WE WILL CONTINUE TO PARTICIPATE IN MANY OTHER INTERNATIONAL ECONOMIC ORGANISATIONS IN OUR OWN RIGHT BEYOND 1997, MR LEUNG SAID.
+
AND
OF
OUR
UNDERLINE
CONTINUED
HE WAS CONFIDENT THAT THE SOURCING OF SCIENTIFIC TECHNOLOGICAL KNOWLEDGE WORLDWIDE AND THE UPGRADING MANUFACTURING BASE THROUGH FOREIGN INVESTMENT WOULD FURTHER THIS LONG-TERM ECONOMIC FUNDAMENTAL FOR HONG KONG'S VIABILITY.
CONFIDENCE INVESTORS.
TURNING TO THE EVENTS IN CHINA, MR LEUNG SAID OUR HAD BEEN SHAKEN AND SO HAD THAT OF SOME OF OUR OVERSEAS "BUT THE GENERAL PICTURE IS FAR FROM ONE OF TOTAL COLLAPSE," HE SAID.
HE SAW THAT IT WAS MORE ONE OF TEMPORARY WITHDRAWALS, OF PUTTING MAJOR DECISIONS ON HOLD, OF WAIT-AND-SEE,
APPEARED TO APPEARED TO BE LESS
INDEED, HE SAID THE ECONOMICALLY ACTIVE GUANGDONG BE LESS AFFECTED THAN OTHER REGIONS AND JAPAN DISHEARTENED THAN OTHER OVERSEAS INVESTORS.
"THE SITUATION IS STILL FLUID.
"IN THE CIRCUMSTANCES, HONG KONG MUST NOT OUR EMOTIONS BLIND US TO OUR INNATE STRENGTHS.
LOSE HEART OR LET
"ABOVE ALL, WE MUST RESIST THE TEMPTATION OF DOING THINGS THAT MAY TAMPER WITH THE PROVEN FORMULA OF OUR FREE ENTERPRISE SYSTEM, HE SAID.
RUSHING INTO OUR SUCCESS:
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