File No.
Drafted by- Typed by- Datta
DRAFT
CONFIDENTIAL
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1986, Asia became its own
export market.
Over 40%
best
[418] of Asian exports are LO
other Asian countries : about 70%
of this trade is in manufactured
goods.
10.
I have talked of trade with our
I should make it
neighbours in Asia.
clear that by this I mean not only our
trade
with
the
rapidly
developing
economies of South
East Asia, but also
of great importance
with China. There
can be no doubt that ilong Kong's future
economic success is inextricably linked
with that ot China
China
Province.
especially Southern
and in particular with Guangdong
as a major
Guangdong is rapidly emerging
It is on
economic
force.
target to become one of the world's major
manufacturing centres early in the next
century.
11.
Since the adoption of the open
door policy in 1978, Hong Kong's links
with China have developed rapidly. Let me
cite a few significant figures:
CONFIDENTIAL