Hong Kong can well become the centre in bio-technology and satellite communication. High technology and 'high touch' are the two sides of the same coin. As technology makes work easier and leaves us with more leisure time, we demand better quality of life as well as better 'tastes'. High touch are soft, intangible qualities that are most often associated with arts and culture. Hong Kong being at the cross-roads of East and West, is well equipped to combine high tech and 'high touch' in creating new products and services.
Examples are fashion design and local theatre productions.
There are existing strengths and other opportunities. Hong Kong has accumulated a wealth of experience in industry development. Some of our industrialists are global in their operation. The opening up of the Chinese Mainland presents invaluable opportunities to our industries. They will be able to benefit from the huge domestic market, the cheap and ample supply of land and labour, and good supply of technicians and scientists.