GF 323
(b)
(c)
CONFIDENTIAL #2 機密
17
It is estimated that as much as 80% to 90% of the foreign investment in Shenzhen is from Hong Kong (paragraph 23);
Hong Kong residents are the principal customers for real estate and for the tourist facilities developed in Shenzhen; and
(a)
Shenzhen's external links, in respect of both passenger and freight traffic, rely on the services provided by Hong Kong's international airport, container port and other port
facilities.
35.
Through investing in and sub-contracting work to the SSEZ, Hong Kong manufacturers are able to reap the benefits of lower wage rates and, to a lesser extent, lower land costs in the SSEZ for their production processes. In so doing, the productive capacity of the manufacturing sector in Hong Kong is effectively enlarged, and Hong Kong's better skilled workforce is made available for higher productivity tasks. However, there is a potential concern as to whether Hong Kong or Chinese workers would be the first to lose their jobs in the event of an economic downturn.
Economic Analysis Division Economic Services Branch Government Secretariat 17 December 1988
WP0002A
CONFIDENTIAL ##
機密
No comments yet.
Private notes are available after approval.