-1991
16:56
SECRETARIAT
22
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and of the role that Hong Kong will play in this key area
of growth.
43.
economic
Inevitably, despite Our impressive record of
growth and expanding world-wide trade, we continue
Some are the result of troubles which
to face problems.
Kong was
All
begin overseas and are beyond our control. In August last
year, the invasion of Kuwait was a serious threat to our
prospects. In August this year, the attempted coup in the
Soviet Union posed a similar threat to international
investment confidence.
Fortunately, the immediate
political crisis in Moscow passed off quickly But Hong
reminded once again of how fragile world business
sentiments are and of the volatility of world markets.
this affects Hong Kong.
exporter of light manufactured products. Instead, we are
fully integrated into the world's financial markets.
must expect to be more vulnerable than some other places to
the gusty winds of crises in different parts of the world.
We must keep ourselves increasingly alert
to
happening elsewhere in our global market.
We are no longer primarily an
We
what is
44.
On the domestic front, inflation continues to be a
/major
...