Summary
During the dinner talk, Dr KW Li provided a comparison of TFP of Hong Kong various industries from 1983 to 2005 and said that the TFP for Manufacturing Industry was 5.1% which was higher than that of Construction Industry (1.6%) and the Wholesale, Retail, Import & Export, Restaurant & Hotel Industry (2.5%).
The Manufacturing Industry in Hong Kong has the potential to grow but needs to upgrade, he said. Industrialists and the Government should work together and the potential new industries will not be land intensive, but skill & knowledge intensive.
Participants of the dinner talk include members of the HK Young Industrialist Commission, Federation of Hong Kong Industries, The Chinese Manufacturers’ Association of Hong Kong. Senior executives of the Vocational Training Council and HK Productivity Centre were present.
During the dinner talk, it is agreed that the brand “Manufactured in Hong Kong” is well known and is an asset. Hong Kong’s Product Design and Quality Control are very competitive and shall continue to expand.
Participants suggest the education system in Hong Kong needs changes and the system in Germany which provides optional vocational training in the secondary school is a useful reference. “Hong Kong needs young technicians which is vital to our success as an industrial city.”
SDA Dinner Talk
Date︰
27 Aug 2014
Speaker︰
Associate Professor
Department of Economics & Finance
College of Business
The City University of Hong Kong
Topic of speech︰
The Revitalization of Hong Kong Manufacturing Industry
Venue︰
The CGCC Members Club, 6/F Chamber’s Building, 24-25 Connaught Road, Central, Hong Kong
