TNAG-1456-FCO40-1980-Future-of-Hong-Kong-annual-report-to-Parliament-on-Hong-Kong-1986 — Page 21

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same period last year.

As a result of the improved economic performance

forecast growth rate of the gross

in recent months the

domestic product (GDP) for 1986 was

revised upward from

Budget to 5.6% in

4.5% at the time of the Annual

mid-September, and even this revised forecast may prove to

In contrast, in 1985, the estimated

be conservative.

growth rate of the GDP was 0.8%.

(b) Investment

Capital investment in Hong Kong is mainly

undertaken by the private sector. The role of the Hong

Kong Government is largely confined to ensuring the

provision of the necessary infrastructure, and the

preservation of a favourable investment environment within

which private business enterprises can seek to maximize

their returns. In addition to providing much of the

physical infrastructure,

the Hong Kong Government ensures

that adequate support is provided to investors in regard

to the availability of new industrial technology and of a

well-trained and well-educated workforce.

After declining in the second half of 1985 and

in the first half of 1986, retained imports of capital