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12
Table 7
of 13.4 hectares were taken up in the year, which compares favourably with the level of take-up in the previous two years (Table 7). About 84% and
22% respectively of these Industrial Estates were
Occupied by the end of 1987.
Feedback from Industry Department
22.
Some qualitative information on capital investment was obtained recently by the Industry
Department during regular factory visits and from
general contacts with industrialists. The
information, which is largely subjective, is
summarised below :
(i) Investment activities in the
manufacturing sector were slowing
down as local manufacturers became
more cautious in undertaking
large-scale investment projects.
This was particularly notable in the
textiles and knitwear industries,
due to a reported slackening of
orders in the latter part of 1987.
Reflecting this, retained imports of
textile machinery rose by only 7% in money terms in the third quarter of
1987 and declined by 49% in the
fourth quarter.
(ii) Partly due to the shifting of some
used machinery to China, investment
in new capital equipment in the
electronics, plastics, watches and clocks, and metal products industries continued to grow
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