XN000022-1990-12-04 — Page 4

OF THESE MANUFACTURING

OVERSEAS INVESTMENT

"THE SURVEY ALSO SHOWED THAT 67 PER CENT

CONSIDERED

OVERALL INVESTORS

HONG KONG'S ENVIRONMENT TO BE FAVOURABLE," SIR DAVID SAID.

SIR DAVID ALSO POINTED OUT THAT INDUSTRY SHOWED THAT OVERSEAS INVESTMENT IN HONG KONG'S WAS GROWING AT AN ENCOURAGING RATE.

DEPARTMENT'S SURVEY MANUFACTURING SECTOR

WAS "THE TOTAL VALUE OF OVERSEAS INVESTMENT AT THE END OF 1989

AND NEARLY JUST UNDER HK$30 BILLION; 14 PER CENT MORE THAN IN 1988 THREE TIMES AS HIGH AS IN 1984,

"THE SURVEY SHOWS THAT THE UNITED STATES REMAINS AS OUR LARGEST TOTAL OVERSEAS OVERSEAS INVESTOR; IT ACCOUNTS FOR NEARLY A THIRD OF

," ELECTRONICS, HE INVESTMENT AND OVER HALF OF THIS INVESTMENT IS IN

SAID.

INDUSTRIES WERE POINTING OUT THAT HONG KONG'S MANUFACTURING

FACE EXPORT ORIENTED, SIR DAVID SAID THE MANUFACTURING SECTOR, IN THE

VALUE- OF GROWING COMPETITION, HAD MOVED TO HIGHER QUALITY AND HIGHER ADDED PRODUCTS.

"TO

DO SO, COMPANIES MUST EMBRACE MORE ADVANCED TECHNOLOGY STRUCTURE THEIR PRODUCTION TOWARDS QUALITY," HE SAID.

HE

REITERATED

THAT THE HONG KONG

GOVERNMENT

ΤΟ

GREAT

AND

ATTACHED IMPORTANCE TO PROMOTING INWARD INVESTMENT, PARTICULARLY WHERE OVERSEAS INVESTORS INTRODUCED NEW OR IMPROVED PRODUCTS, DESIGNS, PROCESSES MANAGEMENT TECHNIQUES INTO HONG KONG.

WE

"APPRECIATING THE LAND CONSTRAINTS WHICH EXIST IN HONG KONG,

TO ENABLE HIGH-TECHNOLOGY HAVE ESTABLISHED THE INDUSTRIAL ESTATES INDUSTRIES TO SET UP IN THE TERRITORY," HE SAID.

TAI

THE CHIEF SECRETARY SAID THAT MOTOROLA'S MAGNIFICENT CENTRE

GROWTH OF PO INDUSTRIAL ESTATE MARKED ANOTHER MILESTONE IN THE MOTOROLA IN HONG KONG.

ON

JUST

"

"I AM SURE ALL OF US WHO HAVE VISITED THIS IMPRESSIVE OPERATION NOW WILL AGREE THAT MOTOROLA HAS TAKEN HONG KONG FORWARD IN ELECTRONICS TECHNOLOGY,

ANOTHER STEP

HE SAID.

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