Asahi Shimbun Interview with Sir David Wilson: 30 November 1990
Hong Kong's Economic System will not change
The route into China even after return in 1997
Sir David Wilson told us that Hong Kong's economic system will
not change even after 1997. Hong Kong will continue to be a
trade and financial centre for Asia and a channel for economic
exchanges with China. Even after 1997 it has been agreed
internationally that Hong Kong will preserve its economic, trade,
financial, monetary and legal system, he said. Compared with the
other Asian NIES Hong Kong has the advantage of linking China
with the world. Sir David said that economic growth this year
was likely to be under the 2.5% forecast. This was a temporary
phenomenon caused by the downturn in the US and the Gulf crisis,
but Hong Kong had great adaptability to external circumstances.
As for Japanese investment in Hong Kong, it was growing faster than Japanese investment in the US. Hong Kong's financial needs
for infrastructure etc are large and Hong Kong welcomes Japanese
investment.