XN000022-1990-07-17 — Page 14

TUESDAY, JULY 17, 1990

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A NUMBER OF JAPANESE COMPANIES HAD EXPRESSED THEIR READINESS TO EXPAND THEIR OPERATIONS IN HONG KONG.

HE SAID SOME OF THEM WOULD BF MOVING INTO OTHER CLOSELY RELATED OPERATIONS, WHEREAS OTHER INTENDED TO SHIFT FROM TRADITIONAL ASSEMBLY-TYPE OPERATIONS AND DIVERSIFY INTO RELATIVELY SOPHISTICATED PRODUCTS OF HIGHER QUALITY.

"THE HONG KONG GOVERNMENT BELIEVES THAT BUSINESS DECISIONS ARE BEST LEFT TO BUSINESSMEN.

"SO THE GOVERNMENT DOES NOT SEEK TO DIRECT WHICH INDUSTRIES SHOULD OR SHOULD NOT BE DEVELOPED.

"IT LEAVES COMPANIES TO MAKE THEIR DECISIONS BASED ON THEIR OWN FEASIBILITY STUDIES," MR BARMA SAID.

COMPANIES WHICH HAVE A

"IN GENERAL, THOSE

REASONABLY HIGH LEVEL OF TECHNOLOGY, AND WHICH ARE EXPORT-ORIENTED OR PROVIDE SERVICES TO MANUFACTURING INDUSTRIES, ARE ABLE TO PROFITABLY IN HONG KONG.

OPERATE

VERY

"BUT SOME HAVE FOUND SPECIAL NICHES IN WHICH THEY WITH MUCH SUCCESS, HE SAID.

CAN OPERATE

SINO-BRITISH LAND COMMISSION MEETING ON THURSDAY

HAVE AGREED

19.

THE TWO SIDES OF THE SINO-BRITISH LAND COMMISSION THAT THE COMMISSION'S 20TH MEETING WILL BE HELD ON THURSDAY, JULY AT 9.30 AM.

THE MEETING WILL DISCUSS THE AVERAGE COST OF LAND PRODUCTION FOR THE 1990-91 FINANCIAL YEAR.

1989 ANNUAL ECONOMIC SURVEYS

* * * * *

QUESTIONNAIRES ON A NUMBER OF ECONOMIC SURVEYS FOR 1989 ARE COMPLETED AND RETURNED BY THE END OF THIS MONTH, A SPOKESMAN THE CENSUS AND STATISTICS DEPARTMENT SAID TODAY (TUESDAY).

BE

THE SURVEY QUESTIONNAIRES COVERED:

INDUSTRIAL PRODUCTION;

WHOLESALE AND

ΤΟ FOR