16
49.
(ii) Industry
Despite the expansion of the
the tertiary sector of
our economy in recent years, it is as well
years, it is as well to remember that
35% of
labour our
force is employed in manufacturing industries and that their output accounts for 22% of our gross domestic product.
50.
The recent
exports has not been
a resurgence
of
our growth in
matched in recent
by years
as large investment by local industry as we have experienced in the past. Overseas investors on the other hand have continued to show considerable interest in Hong Kong. We welcome this. But we continue to They bring new technology and new ideas. need local investment. Hong Kong has built up and maintained its industrial lead in the region through a continual process of capital re-investment in new plant and equipment. competitive world, we cannot afford to let that lead slip. trust that the announcement of
of the draft Agreement on the Future will now give renewed confidence and lead to a revival of domestic investment.
In a
I
(5)
51.
52.
DEVELOPMENT OF INFRASTRUCTURE
(a) Territorial Development Strategy
I turn now to our development plans.
(i) Outcome of the Major Studies
The initial results of our long-term development
last year's address,
were
studies, which I promised in announced in July. They are encouraging and suggest a much wider range of options than was previously thought to
available.
be
/53. Apart
...
No comments yet.
Private notes are available after approval.