region of China, will continue
its completely open
economy. To this end, the Basic Law stipulates in Article
114 that the Hong Kong Special Administrative Region
shall maintain the status of a free port and shall not
impose any tariff unless otherwise prescribed
Therefore, after 1997, the commodities of all
by law.
countries
in the world can still enjoy a ready market in Hong Kong
at a price sometimes lower than that at home. Here, to be
just, I would like to say a few words for Hong Kong:
since Hong Kong fully opens its market to products
from
its
all over the world, naturally, Hong Kong would hope
commodities should have access to all countries on
preferential terms. This is what we call "courtesy for
courtesy", which is a traditional Chinese virtue.
the
all
Fourthly, a point in connexion with free port. In
future Hong Kong Special Administrative Region
foreign capital can compete on an equal footing with
local capital. The Basic Law stipulates that
investments from outside the Region shall continue to
protected by law after 1997. That is to say, the
Government shall treat investments from
-
the
be
outside the
with the
Region and local capital equally without discrimination.
All capitals can compete freely in accordance
laws of value, the average profit and so on, free from
administrative
interference by the Government.
This is
because we are fully aware that
internationalization
of
capital is one
of the basic
conditions for
the
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