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A government advisor Monday called for joint effort of the Chinese
mainland and Hong Kong to develop the new equipment manufacturing
industry, and said it will benefit both sides in global
competition.
"Once Hong Kong could join hands with the mainland in developing
the new equipment manufacturing industry and increase cooperation
in investment, financing and high technology, it would further
improve the global competitiveness and provide numerous
opportunities for Hong Kong's economic transition and development
as well as for the development of the enterprises in the mainland
and its huge army of laborers," said Yang Sunxi.
Yang, a member of the National Committee of the Chinese People's
Political Consultative Conference (CPPCC), was speaking at the
third plenary meeting of the on-going First Session of the 10th
CPPCC National Committee.
The new equipment manufacturing industry, the upgrading or
extension of the traditional equipment manufacturing sector, is
responsible for providing equipment for all related industries and
national security.
However, due to the poor capability and technological level of its
manufacturing industry, the mainland had, over the past three
years, imported some two-thirds of the equipment needed for its
economic construction and high-tech industry, Yang said.
"It is an urgent job to change the situation," he stressed.
The cooperation between the mainland and Hong Kong in developing
the new equipment manufacturing industry will inevitably bring
about development of the relevant industries and effectively create
job opportunities for the laid-offs in both the mainland and Hong
Kong, said Yang.
The CPPCC member was confident in the future of the proposed
cooperation, saying that the mainland has rich labor and resources
and a sound basis for the manufacturing industry, whereas Hong Kong
enjoys advantages in capital, information and management.
He
suggested the central government coordinate the industrial
restructuring in the mainland and Hong Kong, establish and improve
a stable, orderly financial market and enact related laws and
policies according to the real conditions, so as to optimize and
upgrade the traditional equipment manufacturing industry in both
the mainland and Hong Kong.
(Xinhua News Agency March 10, 2003)
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