Meanwhile, with the diversification
of Hong Kong's economy, the share of manufacturing
in Hong Kong's GDP began to drop gradually, although
total output value kept increasing. In 1970,
the total output value of the manufacturing industry
was HK$5,913 million, accounting for 30.9% of Hong
Kong's total gross domestic product. But the
share had been hovering between 22% and 24% in the
1980's.
Generally speaking, Hong Kong's
manufacturing sector kept growing at a tremendous
rate during this period. The number of registered
establishments in Hong Kong increased from 16,507
in 1970 to 42,199 in 1979 and the amount of capital
investment increased from HK$12,347 million in 1970
to HK$55,912 million in 1979.
|
|
The
Tai Po Industrial Estate attracted new industry which,
because of its complex nature, would meet with difficulty
if sited elsewhere.
Textile printing
at a dyeing factory in Tsuen Wan.
Instant noodles
went all over the world from this food factory, which
also developed exports of frozen Chinese snacks.
|