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Oord ACZ,
won a HK$507 million contract for land formation
Industrial Estate.
and initial infrastructure works at the Tseung Kwan O
The project is expected to provide a
net area of 68 hectares of industrial land on completion in
1995.
In addition, China Harbours Engineering Company
together with several overseas contractors won a HK$2.6
billion contract for constructing the Kwai Chung Container
Terminal 8.
35.
In
the third quarter, PRC-interest companies
remained active in Hong Kong's property market. Meanwhile,
a subsidiary of the China Resources (Holdings) Co. Ltd.
formed a joint-venture with a Swiss company in Hong Kong to
produce cement products.
It is expected that the
joint-venture's production facilities in Zhuhai will be put
into operation by the end of 1991.
On the financial front,
the Hefei Branch of the Bank of China recently set up an
investment
external
company in Hong Kong
connections and
to
in order to enhance its
obtain the preferential
treatment granted to foreign-funded enterprises in China by
investing back to Anhui.
(V)
Concluding
economy
remarks:
implications for the Hong Kong
36.
The 8th
Plenary Session of the 13th Central
Committee Meeting of the Chinese Communist Party was held
between 25 and 29 November 1991. Contrary to speculations
before the session, there was no report of personnel
changes. Apart from re-affirming patriarch Deng Xiaoping's dictum of regarding economic construction as the core task,
which is important for the continuing development in China
of socialism with Chinese characteristics, emphasis was
also given to agricultural development. People's mind was
set at ease by reiterating the great contribution of the
household responsibility system to the rural economy of
China and ruling
out any possibility of reviving the
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