G.F. 326
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CONFIDENTIAL # Z
11.
(ii)
It has been reported that some 30 to 40
bleaching and dyeing factories were opened
in 1986 to take advantage of the good
business conditions. They are mostly small factories using relatively cheap
locally produced machinery for the batch-dyeing of yarn;
(iii) There has been considerable investment in
the plastics industry. With China providing a ready market for second-hand
injection moulding machines from Hong
Kong, plastics manufacturers are more
willing to replace their old machines with
models of the latest design.
It is
estimated that orders for plastic
injection moulding machines amounting to
$150 million were placed in the fourth
quarter of 1986, representing an increase of about 50% over the previous quarter;
and
(iv)
In the watches and clocks industry, in the
light of more intensive competition from
Japan in the production of cheaper LCD and quartz analogue watches, local
manufacturers are investing more in
research and development activities in
order to improve the quality and design of their products.
Economic Analysis Division Economic Services Branch Government Secretariat 26 February 1987
CONFIDENTIAL # 3
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