TNAG-2126-FCO40-3036-Investment-in-Hong-Kong-1990 — Page 56

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CONFIDENTIAL #

Introduction

3

This report provides an updated assessment

of capital investment in Hong Kong, based on data

available up to the end 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 comparison and are expressed in real terms, unless otherwise indicated)

CONFIDENTIAL # 3