XN000022-1990-03-16 — Page 5

FRIDAY, MARCH 16, 1990

HK'S MANUFACTURING INDUSTRIES WILL BECOME MORE PRODUCTIVE

DEPUTY

INDUSTRIES WILL

MORE BECOME SIZE, IN THE FUTURE THROUGH THE PROCESSES AND MOVING

HIGHER INTO DIRECTOR OF INDUSTRY, MR

ANDREW

HONG KONG'S MANUFACTURING

LEANER IN PRODUCTIVE, ALTHOUGH

ITS UPGRADING OF

MANUFACTURING VALUE-ADDED PRODUCTS, THE LEUNG, SAID TODAY (FRIDAY).

TAKE IN DEMAND

MR LEUNG SAID THIS WAS THE ONLY ROUTE HONG KONG COULD THE FACE OF INCREASING COMPETITION FROM LOW-COST ECONOMIES AND BY ITS MAJOR EXPORT MARKETS FOR EVER-HIGHER STANDARDS OF PRODUCT QUALITY AND INNOVATION.

A ADDRESSING

GATHERING OF THE HONG ENGINEERS, MR LEUNG EXPRESSED CONFIDENCE IN ABILITY то UPGRADE THEIR PRODUCTION LINES. RECOGNISING THAT SUCH INVESTMENT COULD REAP NOTED.

KONG

INSTITUTION

OF

LOCAL MANUFACTURERS' MANY ALREADY HAD, SUBSTANTIAL

HE REWARDS,

HE SAID THIS WAS COMPLEMENTARY TO THE EXPLOITATION OF REGIONAL

THESE REMAINED OUTWARD PROCESSING OPPORTUNITIES IN SO FAR AS

VIABLE

OPTIONS.

ΤΟ

"AS THESE OUTWARD PROCESSING OPERATIONS THEMSELVES CONTINUE UPGRADE, THERE WILL BE A NEED, FOR EXAMPLE, FOR HONG KONG'S SUPPORTING LINKAGE INDUSTRIES ΤΟ BECOME EVEN MORE TECHNOLOGICALLY ADVANCED.

"LIKEWISE, IN ORDER TO COMPETE AGAINST EMERGING DYNAMIC TO BECOME ECONOMIES, HONG KONG'S OWN MANUFACTURED PRODUCTS WILL NEED MORE KNOWLEDGE AND SKILL INTENSIVE AND

EVEN HIGHER QUALITY STANDARDS WORLD-WIDE, HE SAID.

H

ACHIEVE

MR LEUNG SAID IN THE PROCESS OF UPGRADING, HONG KONG'S A MANUFACTURERS WOULD BE SUPPORTED BY MORE COST-EFFECTIVE AUTOMATION; SOUND FRAMEWORK OF QUALITY ASSURANCE

A TECHNOLOGY CENTRE AND POSSIBLY A SCIENCE PARK; AND

OF AVAILABILITY

MORE TECHNOLOGISTS AND MORE TRAINING IN SKILLS APPLICABLE TO MANUFACTURING.

SAID.

SERVICES;

THE

H

"SOME OF THESE SUPPORT SERVICES ARE ALREADY TAKING SHAPE, HE

BE MR LEUNG ALSO PREDICTED THAT THE PROCESS OF UPGRADING WOULD FURTHER ASSISTED BY INCREASING OVERSEAS INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRIES.

OVERSEAS INTERESTS IN THE MANUFACTURING INDUSTRIES NOW RUN UP TO $26 BILLION. THEY ARE RESPONSIBLE FOR A SIGNIFICANT

ОР AMOUNT OF TECHNOLOGY TRANSFER AND ACCOUNT FOR A DISPROPORTIONATE SHARE KONG'S LARGE INDUSTRIAL ESTABLISHMENTS AND ITS TOTAL MANUFACTURED EXPORTS.

HONG

/THERE ARE