14% INCREASE IN OVERSEAS INVESTMENT IN HK
Overseas investment in Hong Kong's manufacturing ndustries grew by US$461.5 million (HK$3.6 billion) last
an increase of 14 per cent.
ear
The latest survey by the Industry Department puts the total overseas investment in this sector at US$3.8 billion. (HK$29.7 billion). This is nearly three times the 1984 total of US$1.5 billion (HK$11.4 billion) when the first survey was held.
The relative position of the four major investors has not changed with the United States remaining the biggest with 31 per cent followed by Japan (29 per cent), China (11 per cent) and the United Kingdom (7 per cent).
Although Japan remained in second place, it accounted for nearly half (47 per cent) of total overseas investment in Hong Kong's manufacturing industries in 1989.
The survey showed that nearly 60 per cent of the total investment was in the electronics, electrical products, textiles and clothing and chemical products industries.
HONG
KON 4
GOVERNMENT
Offici
NOVEMBER
1990
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