XN000022-1993-07-20 — Page 11

TUESDAY, JULY 20, 1993

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GOVERNMENT

WANCHAI

COPY AT THE NOW ON SALE AT $5 A THE REPORT IS PUBLICATIONS CENTRE, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, OR AT THE CENSUS AND STATISTICS DEPARTMENT PUBLICATIONS SECTION, TOWER, 19TH FLOOR, 12 HARBOUR ROAD, WAN CHAL. REGULAR SUBSCRIPTION MAY ALSO BE ARRANGED.

BUILDING,

THE CENSUS AND

ENQUIRIES ABOUT

THE THE SURVEY MAY BE DIRECTED TO CONSTRUCTION AND REAL ESTATE STATISTICS SECTION OF STATISTICS DEPARTMENT ON TEL 839 3265,

TRADE IN SERVICES REFLECTS GROWTH OF HONG KONG

* * *

OVER

ΤΟ

THE LAST DECADE, HONG KONG HAD BOTH GROWN AND CHANGED MORE THAN JUST A MANUFACTURER, TRADER AND FINANCIAL CENTRE, THE DIRECTOR-GENERAL OF TRADE, MR TONY MILLER, SAID TODAY (TUESDAY).

BE

HE SAID THE CHANGE WAS DULY REFLECTED IN THE CONTRIBUTION OF SERVICES TO THE ECONOMY.

ALTHOUGH MANUFACTURING HAS CONTINUED TO GROW IN ABSOLUTE TERMS (ABOUT 137 PER CENT OVER THE 10 YEARS UP TO 1991). THE MANUFACTURING SECTOR'S SHARE OF HONG KONG'S GROSS DOMESTIC PRODUCT (GDP) FELL FROM 23 PER CENT TO 16 PER CENT BETWEEN 1981 AND 1991.

OVER THE SAME PERIOD, THE SERVICE SECTOR SHARE OF GDP HAS RISEN FROM 64 PER CENT TO 73 PER CENT.

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EMPLOYMENT FIGURES TELL THE SAME STORY. MANUFACTURING PROVIDED PER CENT OF JOBS IN 1981; 10 YEARS LATER IT PROVIDES ONLY 24 PER CENT.

THE SERVICE SECTOR EMPLOYED 50 PER CENT OF

WORKFORCE IN 1981; IT HAS SINCE RISEN TO 66 PER CENT.

THE

"HONG KONG HAS BECOME THE BUSINESS SERVICE CENTRE FOR A LARGE OF PART

IN DOING SO IT PROVIDES AN EXCELLENT EXAMPLE OF THE REGION. THE TENDENCY AROUND THE WORLD FOR COMMERCIAL ACTIVITIES TO BECOME MORE HIGHLY CONCENTRATED IN SUPER SERVICE CENTRES, MR MILLER SAID.

++

FOR

SO

FULL

*HONG KONG SERVES AS THE IDEAL BUSINESS CENTRE INTERNATIONAL FIRMS LOOKING TO DO BUSINESS IN THE REGION. IT DOES

ITS LEGAL SYSTEM IS FAIR AND FAMILIAR AND IT OFFERS THE OF SOPHISTICATED COMMERCIAL SERVICES WHICH THE MODERN BUSINESSMEN DEMAND, HE SAID.

BECAUSE RANGE

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"HONG KONG ALSO SERVES AS A MARKET AND SHOWCASE FOR GOODS FROM ALL AROUND THE WORLD.

AND IT'S WEALTH HAS ALLOWED BOTH INDIVIDUALS CORPORATIONS TO BE MORE OSTENTATIOUS IN EVERYTHING FROM ARCHITECTURE THROUGH BOATS TO CUISINE AND SO ON THROUGH THE ALPHABET,"

SPEAKING AT

CLUB OF HONG

ASSETS:

A LUNCHEON MEKTING OF CITY LION'S KONG, MR MILLER SAID HONG KONG HAD ACQUIRED TWO LESS TANGIBLE CONNECTIONS AND EXPERTISE.

Ỉ"HONG KONG'S