Overseas Participation in Industry
The Government recognises that Hong Kong's overall industrial development profits from the presence of overseas companies, and welcomes them—not so much for any additional capital they bring, but for their special management and tech- nical skills, and new ideas they may introduce.
At present about 500 factories in Hong Kong are either fully or partly-owned by overseas interests, that have invested almost half a billion U.S. dollars. They employ a labour force of nearly 90,000 workers or 10 per cent of the manufacturing workforce. Most come from the USA, Japan, Britain, Switzerland and the Netherlands; concen- trating in electronics, textiles, watches and clocks and electrical products. Detailed breakdowns are in Tables 12 and 13.
There has been a growing trend in recent years for overseas investors to establish in Hong Kong manufacturing operations in sophisticated and tech- nologically advanced industries. Examples during the past few years are a polystyrene plant, a heat transfer printing paper plant, a sophisticated miniature light bulb factory and a plant producing high quality hand tools.
The boatbuilding sector manufactures specialised crafts for a wide range of functions.
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