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Basically, industrial investments are slower in yielding returns for capital and interest. In a bid to absorbing advanced technology, China co-operated with other consortia to develop a cement factory by investing HK$1 200 million, the largest investment made in local industry from overseas so far.
Coal ashes are used to produce cement. At present, the two power companies are buying coal from China to generate electricity and coal ashes are used by the cement factory for the production of cement, thus making full use of the raw material.
China's representative firms in Hong Kong set up a tin-making factory in the
Tai Po Industrial Estate to aid production of tinned food.
In addition, China invests heavily in Hong Kong's manufacturing and storage industries, shopping services and the manufacture of oil products through these organi- sations.
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