XN000022-1991-10-29 — Page 22

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TUESDAY, OCTOBER 29, 1991

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"THE INDUSTRIES WHICH ATTRACT MOST JAPANESE INVESTMENT ELECTRONICS, ELECTRICAL PRODUCTS, TEXTILES AND CLOTHING, AND WATCHES AND CLOCKS,' HE SAID.

**

ON FUTURE DEVELOPMENT, MR WONG SAID AS ASIAN ECONOMIES WERE AT DIFFERENT STAGES OF ECONOMIC DEVELOPMENT, ABUNDANT OPPORTUNITIES EXISTED FOR REGIONAL DIVISION OF LABOUR.

"THE MORE INDUSTRIALISED ECONOMIES WILL PROMOTE HIGHER VALUE-ADDED PRODUCTION BY TECHNOLOGICAL AND PRODUCT DEVELOPMENT, AND RELOCATE LABOUR-INTENSIVE PROCESSES TO OTHER AREAS IN THE REGION WHICH OFFER COMPARATIVE ADVANTAGES OF LOWER LABOUR COSTS, HE SAID.

MR WONG SAID A NOTABLE EXAMPLE WAS THE SYMBIOTIC BETWEEN HONG KONG AND CHINA.

**

RELATIONSHIP

"OUR MANUFACTURERS ARE CAPITALISING ON THE MANAGEMENT AND TECHNICAL SOPHISTICATION OF HONG KONG TO DO PRODUCT DESIGN AND HIGH VALUE-ADDED PRODUCTION, AND THE LOW-COST AND HIGH-VOLUME PRODUCTION CAPABILITIES OF CHINA TO PERFORM THE MORE LABOUR-INTENSIVE OPERATIONS," HE SAID.

SHIPPING AND CARGO STATISTICS FOR OCEAN-GOING VESSELS

FOR SECOND QUARTER OF 1991

TOTAL

HONG KONG

FIVE THOUSAND FOUR HUNDRED AND TWENTY-ONE SHIPS WITH A CAPACITY OF 30.3 MILLION NET REGISTERED TONS (NRT) ARRIVED IN THE SECOND QUARTER OF THIS YEAR REPRESENTING AN INCREASE OF 657 (OR

OVER 14%) IN NUMBER AND OF 2.3 MILLION NRT (OR 8%) IN CAPACITY

THE

SECOND QUARTER OF 1990.

THE FINDINGS WERE CONTAINED IN THE 'HONG KONG SHIPPING THE STATISTICS REPORT APRIL JUNE 1991' PUBLISHED TODAY (TUESDAY) BY CENSUS AND STATISTICS DEPARTMENT.

OVER THE SAME PERIOD OF COMPARISON, THE TOTAL TONNAGE OF

IN HONG KONG FROM INCOMING SHIPS (ESTIMATED FROM A DISCHARGED OF MANIFEST CONSIGNMENTS) INCREASED BY 18%.

CARGO SAMPLE

ANALYSING INCOMING SHIPS BY SHIP TYPE, MAJOR INCREASES WERE RECORDED IN THE NUMBER OF CONTAINER VESSELS (+376), OIL TANKERS (+126) AND CONVENTIONAL CARGO VESSELS (+116); WHILE A MAJOR DECREASE WAS RECORDED IN THE NUMBER OF SEMI-CONTAINER VESSELS (-71).

ANALYSING INCOMING SHIPS BY FLAG OF VESSELS, MAJOR INCREASES WERE RECORDED IN THE NUMBER OF SHIPS REGISTERED IN

PANAMA (+98),

PHILIPPINES

A MAJOR DECREASE WAS

CHINA

(+214), AND THE THOSE

LIBERIA (+26), SINGAPORE (+25), NORWAY (+25)

WHILE (+23);

RECORDED FOR

REGISTERED IN JAPAN (-25).

/THE NUMBER