EXHIBIT 2.23 TELECOMMUNICATIONS EXPENDITURE BY SECTOR COMPARED

WITH EACH SECTOR'S CONTRIBUTION TO GDP 1986

CONTRIBUTION OF ECONOMIC SECTORS TO GDP

TELECOMMUNICATIONS EXPENDITURE BY SECTOR %

30.4

22.3

16.3

Community, social, personal & other

Trade & tourism

31

Finance, banking, insurance, real estate, & business services

20

Transport & communications

8.2

22.8

16.0

Manufacturing

Source: Census & Statistics Department & HKT

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