TNAG-1742-FCO40-2461-Proposed-visit-by-Lord-Glenarthur--Minister-of-State-for-For-1988 — Page 52

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PARTNER. HONG KONG IS ALSO REPORTED TO BE THE MOST IMPORTANT SOURCE

OF EXTERNAL INVESTMENT IN CHINA.

8. HONG KONG BUSINESSMEN HAVE ESTABLISHED A LARGE NUMBER OF OUTWARD

PROCESSING ACTIVITIES IN SHENZHEN AND IN THE PEARL RIVER DELTA REGION. IT HAS BEEN ESTIMATED THAT THEY EMPLOY, EITHER DIRECTLY OR INDIRECTLY, SOME 1.5-2 MILLION CHINESE WORKERS IN THESE AREAS. THIS HAS, IN EFFECT, SUBSTANTIALLY EXPANDED THE PRODUCTIVE CAPACITY OF HONG KONG'S MANUFACTURING INDUSTRY AND MADE THE ECONOMIES OF HONG

KONG AND SOUTH CHINA MORE INTERDEPENDENT.

WILSON

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ΜΑΙΝ

MINIMAL

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DISTRIBUTION

14

HKD

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