TNAG-1951-FCO40-2779-British-capital-investment-in-Hong-Kong-1989 — Page 79

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G.F. 326

Introduction

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This report provides an updated assessment

of capital investment in Hong Kong, based on data available up to the end of the third quarter of 1989. It focuses on investment in plant and

machinery and in property.

2.

Information in this report is mainly supplied by the Census and Statistics Department, the Rating and Valuation Department, the Buildings

Ordinance Office and the Industry Department. For

capital investment generally, statistics on gross domestic fixed capital formation are produced as part of the gross domestic product (GDP) estimates. Only the annual data are published. The quarterly estimates are intended for internal reference only

and should not be quoted publicly. Breakdowns are

available for expenditures on plant and machinery and

on building and construction, in respect of both the

public and the private sectors. On investment in plant and machinery, statistics on retained imports of capital goods provide another set of indicators. As there is no separate information on re-investment, on depreciation, and on the scrapping of existing capital, the data relate to capital investment in gross terms. On investment in property, statistics are available on building completions and on consents

to commence work.

Investment in plant and machinery

(all growth rates quoted in this section are on a year-on-year basis and are expressed in real terms,

unless otherwise indicated)

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