Concluding remarks
As we m
towards 1997, I am sure that no-one would expect
plain sailing all the way. But on the basis of the steady progress
made by the British and Chinese Governments in implementing the
Joint Declaration so far, we have every reason to be confident.
These
Hong Kong continues to maintain its impressive record of
achievement and success. It is still enjoying high export-led
growth, full employment and steadily advancing prosperity. achievements are the fruits of Hong Kong's free enterprise
philosophy. They are the fruits of the spirit of industry, innovation, and adaptability which Hong Kong's unique environment has fostered over the years. They are the fruits of a system which offers the prospect of a better life to anyone willing to work for
it.
I do not want to ignore or gloss over the potential
difficulties Hong Kong faces both in its own economy and on the
international trade front. But Hong Kong has the ability to adapt quickly to meet challenges and overcome difficulties. Hong Kong already plays a major role as the gateway to China. As China continues to develop in the years ahead, that role will assume an even greater importance. It is a role which, geographically, culturally and economically, Hong Kong is uniquely well placed to
fulfil.
Of course there are doubts and uncertainties, even nervousness, in some quarters. That is only natural. Emigration is up: it would be foolish to deny this and even more foolish not to watch these trends carefully. But we are living in an increasingly mobile world. People are leaving; but a large number of well qualified people are also returning. I see no reason why Hong Kong cannot continue to offer an attractive environment in which they can make
their lives.
Hong Kong is passing through uncharted waters. There can be
that is true of any no cast iron guarantees about the future: