XN000022-1990-05-30 — Page 28

27

WEDNESDAY, MAY 30, 1990

MR BARMA SAID MOST OF HONG KONG'S INVESTMENT WAS IN GUANGDONG,

IN THE PEARL PARTICULARLY

RIVER

IN DELTA REGION,

THE FORM OF RELATIVELY LABOUR-INTENSIVE, OUTWARD PROCESSING ARRANGEMENTS OR VENTURES.

JOINT

LABOUR-INTENSIVE

ΤΟ PROCESSES SITUATION IN HONG

A FACILITATE

CHINA HAS SUSTAIN KONG,

THE DIVISION OF LABOUR MORE CAPITAL- AND

"THE SHIFT OF MORE HELPED RASE THE TIGHT LABOUR GROWTH OF HONG KONG'S ECONOMY AND WHEREBY HONG KONG COULD CONCENTRATE ON DEVELOPING TECHNOLOGY-INTENSIVE MANUFACTURING," HE SAID.

MR BARMA SAID

NOT BEEN

THIS ECONOMIC INTER-DEPENDENCE HAD CHANGED BY THE EVENTS WHICH TOOK PLACE IN CHINA IN JUNE LAST YEAR.

HONG

DOOR' POLICY AND OUTWARD PROCESSING

QUALITY ASSURANCE,

'OPEN "CHINA HAS REPEATEDLY REAFFIRMED ITS KONG CONTINUES TO USE SOUTH

FOR CHINA

OPERATIONS,

THE PROVIDING

NECESSARY FINANCIAL, MARKETING TECHNICAL SUPPORT, INCLUDING PRODUCT DEVELOPMENT, TESTING AND OTHER SKILL-INTENSIVE SERVICES," HE SAID.

AND

HONG

TURNING TO JAPAN'S INVESTMENT IN HONG KONG, MR BARMA SAID

FOR JAPANESE INVESTORS KONG HAD BEEN ONE OF THE MOST FAVOURED PLACE FOR MORE THAN A DECADE.

ΤΟ ACCORDING

FIGURES RELAESED BY JAPAN'S MINISTRY OF INVESTMENT IN INTERNATIONAL TRADE AND INDUSTRY (MITI), JAPAN'S TOTAL

OF FISCAL HONG KONG AMOUNTED TO US$7.11 BILLION UP TO THE FIRST HALF YEAR 1989.

KONG HONG

CONTINUED TO BE JAPAN'S SECOND MOST IMPORTANT OF FISCAL YEAR INVESTMENT DESTINATION IN ASIA. SINCE THE FIRST HALF

COMPARED 1988, JAPAN'S INVESTMENT IN HONG KONG GREW BY 35.7 PER CENT, WITH 23.2 PER CENT FOR THE WHOLE OF ASIA.

IN 1988 IN HONG HE SAID JAPAN WAS ALSO THE LARGEST INVESTOR KONG'S MANUFACTURING SECTOR AS COMPARED WITH OTHER FOREIGN INVESTORS.

ACCORDING TO A SURVEY CONDUCTED

THE INDUSTRY DEPARTMENT, JAPAN'S CUMULATIVE MANUFACTURING INVESTMENT IN HONG

BY

MILLION, ACCOUNTED

ONE-QUARTER FOR OVER

(26.6

PER

AT KONG,

US$893 CENT) OF THE

OVERALL. TOTAL UP TO THE END OF 1988.

JAPAN REMAINED AS THE SECOND LARGEST

OVERSEAS

INVESTOR AFTER

THE UNITED STATES, WHICH CONTRIBUTED 34 PER CENT.

SAID

FOR JAPANESE JAPANESE LEAPS AND

MR BARMA

ONE SIGNIFICANT CHANGE MANUFACTURING INTERESTS IN HONG KONG OVER THE YEARS WAS THAT

SECTOR HAD ELECTRONICS INVESTMENT IN THE BOUNDS.

INCREASED

HY

JAPAN WAS IN IN 1988, 34.1 PER CENT OF TOTAL INVESTMENT FROM

18 PRR CENT IN 1985. THE ELECTRONICS INDUSTRY, COMPARED TO MERELY THIS CONTRASTED WITH A GRADUAL DROP IN THE SHARE OF INVESTMENT IN MANUFACTURE OF ELECTRICAL PRODUCTS AS WELL AS WATCHES AND CLOCKS.

THE

/HE SAID