Form LRZO
sent to CCD 24.2
ge
香港
CONFIDENTIAL
OFFICE
STARFSMART PRINDERIJ
MAISTRY Action Taken
REIGN AND CO
13. ALTH
Ни 26 JAN 1931
GOVERNMENT HOUSE
HONG KONG
19 January 1981
AKK 014
ROLVED IN REGMAY NO.
23*rp,31
.7
INDLY
ANNUAL REVIEW FOR 1980: HONG KONG
SUMMARY
See (3
Paragraph
1
2 - 4
LO
5
6-8
9
10
11
12
Subject
Introduction
Immigration
The influx of immigrants from China. Measures to halt illegal immigration eventually successful.
Over 21,000 Vietnamese boat refugees still await resettlement.
The Economy
Economy did well, but high rate of export growth declined markedly in the second half. Inflation at 15% coupled with immigration held down real wages. Though unemployment is low it is rising steadily. Real estate and stock exchange booms.
Domestic
Strong budgetary situation. Government programmes on course. Public housing programme at last fairly satisfactory. First year in which all children under 15 were in free education.
Plans for reform of local administration.
Staff relations eased in the public service.
Take-over of some old established firms by local Chinese interests.
CONFIDENTIAL