Textiles
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A nice touch to the Davos conference appears in the 25 January issue of Der Spiegel, the German news magazine, where it is noted that delegates to the conference were encouraged to dress informally. Every delegate was given a pullover - Made in Hong Kong. They were told to wear it at least one day - "Friday is pullover day".
A feature in the French textile trade magazine GAP details the business of the French ready to wear company MEXX which has placed all its manufacturing units in Hong Kong, where 95 sub-contractors work "under the stringent control of our Hong Kong office". Another French company with interests in the Far East is Creeks which opened a branch in Hong Kong last October (Informations Economiques, AFP Paris). The Journal du Textile, Paris, reports on the exclusion of several South East Asian countries from the Generalised System of Preferences and how this will affect the textile industry as a whole. There is a positive look at Hong Kong fashion in the Portuguese daily Correiro Manha, calling it good quality, young in spirit and varied. A report appearing in the Handelsblatt entitled "Peking's textile industry wants to conquer the market" notes that the PRC with its unlimited resources and cheap labour force is about to become Hong Kong and Taiwan's greatest competitor.
A large feature article in Journal du Textile paints a very rosy picture of the Hong Kong textile industry and includes interviews with Kenneth Fang and Colleen Koh. The article is entitled "Hong Kong has lost none of its dynamism".
Transport
An article by Hong Kong based correspondent Renato Ferraro in the Rome daily Corriere della Sera on the British Royal Navy's intention to sell two of its five coastguard vessels in Hong Kong.
News of a new container service between Hong Kong and Manila is reported in the German transport magazine Deutsche
Verkehrszeitung (Hamburg). Sinotrans was apparently behind the establishment of the service and it is being managed for Hong Kong by Jardine Shipping Agencies Ltd.
The Dutch transport paper Nieuwsblad Transport (The Hague) reports that Cathay Pacific has been named by the US air transport publication Air Transport World as "Airline of the Year". (Cathay Pacific received the same honour in 1983.)
News in the Lisbon daily Correio Manha of the creation of a limited company to build an airport in Macau with the participation of Hong Kong firm Everbright.
The visit of the French Transport and Housing Minister M. Pierre Méhaignerie to China is reported in Le Monde of 26 January where a cooperation agreement was signed between the two nations. The Minister also paid a visit to Daya Bay, "which, in a few years' time, is destined to become the largest French construction project outside France"
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