XN000022-1990-07-20 — Page 6

FRIDAY, JULY 20,

INDUSTRIES DIVERSIFICATION.

ENABLE THEM

"THE FUTURE PROSPERITY OF HONG KONG'S MANUFACTURING WILL REQUIRE CONTINUOUS PRODUCT UPGRADING AND MARKET INDUSTRIES MUST ACHIEVE A TECHNOLOGICAL LEVEL WHICH WILL TO MOVE INTO HIGH VALUE-ADDED AND INNOVATIVE MERCHANDISE.

COMPETE ASIAN AND ASIAN NEWLY TECHNOLOGICALLY-ADVANCED

"OTHERWISE, THEY WILL NOT, IN THE LONG RUN, BE ABLE TO SUCCESSFULLY AGAINST THE LOWER-COST PRODUCTS IN DEVELOPING

THE OTHER SOUTH EAST

AGAINST ECONOMIES, OR ASIAN

ECONOMIES INDUSTRIALISED MANUFACTURING PRODUCTION, HE SAID.

11

IN

MORE

THE SPOKESMAN SAID HONG KONG'S MANUFACTURING EXPECT SLOWER

BXPORT GROWTH IN

ECONOMIES OF ITS MAJOR TRADING

OUTLOOK

DOWNTURN IN THE WORLD'S ECONOMY. MEASURES ALSO MADE THE DOMESTIC EXPORTS TO CHINA.

HOWEVER, HE SAID, AS

WORLD

INDUSTRIES COULD

THE IMMEDIATE FUTURE, WHILE THE PARTNERS ADJUSTED TO THE RECENT THE IMPACT OF CHINA'S AUSTERITY LESS PROMISING FOR HONG KONG'8

KONG'S EXPORTS SHOULD PICK UP AGAIN.

TRADE

GRADUALLY

RECOVERED,

HONG

"WHETHER HONG KONG CAN MAINTAIN GROWTH THEREAFTER

SECTOR

TO

WILL DEPEND

IMPROVE ITS QUALITY,

AND

AND

ON THE ABILITY OF THE MANUFACTURING PRODUCTIVITY AND TECHNOLOGY LEVELS, UPGRADE ITS PRODUCT DIVERSIFY INTO OTHER MARKETS, PARTICULARLY IN EUROPE AND IN JAPAN

" HE SAID. THE DEVELOPING SOUTHEAST ASIAN ECONOMIES,

1989"

ARE OF THE

COPIES OF THE "HONG KONG'S MANUFACTURING INDUSTRIES NOW AVAILABLE FREE OF CHARGE FROM THE INDUSTRIAL DATA SECTION

FLOOR, OCEAN CENTRE, CANTON INDUSTRY DEPARTMENT AT ROOM 1412, 14TH ROAD, KOWLOON.

ARE REQUESTED TO

MEMBERS OF THE PUBLIC WISHING TO GET A COPY CALL AT THE ABOVE ADDRESS OR CONTACT MR M.O. CHEUNG ON TEL. 737 2409.

COMPANIES REGISTRY RELEASED HALF-YEARLY FIGURES

MR GENERAL,

NOEL

GLEESON, INDICATED

AREAS

FOR THE

FIGURES RELEASED BY THE REGISTRAR FOR THE COMPANIES REGISTRY OF HIS DEPARTMENT TODAY (FRIDAY) INCREASES AS WELL AS DECREASES OF ACTIVITY IN VARIOUS FIRST SIX MONTHS OF THE CALENDAR YEAR 1990 BY COMPARISON WITH THE SAME PERIOD OF 1989.

OF THE COMPANIES REGISTRY FIGURES SHOWED THAT THE TOTAL NUMBER

PER CENT COMPANIES ON THE REGISTER AT THE END OF JUNE 1990 AS COMPARED WITH THE TOTAL NUMBER AT THE END OF DECEMBER 1989 HAD INCREASED BY 5

36 FROM 242,709 TO 253,804 WHILE THE NUMBER OF NEW COMPANIES REGISTERED PER CENT FROM DURING THE FIRST SIX MONTHS OF 1990 HAD DECREASED 19,500 TO 12,513 AS COMPARED WITH THE CORRESPONDING PERIOD OF 1989.

/THE TOTAL