TNAG-1646-FCO40-2293-Chinese-investment-in-Hong-Kong-1987 — Page 20

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

CONFIDENTIAL ##

G.F. 326

6

Table 2

10.

(d)

Retained imports of capital goods

other than for manufacturing use

In view of the heterogeneous nature of

retained imports of capital goods other than those

for use by manufacturing industry, the changes in

real terms shown in the data on them are not

sufficiently reliable to be quoted. The series is

included in this report only as a rough indication

of the overall trend. Retained imports of capital goods other than for use in manufacturing increased

by 1% in real terms in 1986, after a decline of 3%

in 1985. There was, however, a rapid growth of

about 28% in real terms in the fourth quarter of

1986 and of about 18% in the first quarter of 1987

(Table 2).

11.

Within this category of investment, all

major items, except office machinery (reflecting

some consolidation from its high levels in 1984 and

in the first half of 1985), recorded increases in

money terms in the first quarter of 1987 compared

with the same quarter in 1986. The increases were

most rapid for a number of items like electrical line telephone apparatus, air conditioners and air conditioning machines, and transport equipment.

Only small growth in money terms was recorded for

scientific and optical instruments and apparatus

(1%) and for electronic components and parts for

computers (4%).

Investment in property

12.

(a) General situation

There was sustained interest in the

CONFIDENTIAL # Z

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