hisport?
Ꭵ
prosperous city in China, but that's rallin different from having ambitions to be among the most prosperous cities in the world to equal Tokyo or Taipei or wherever it might be. I think that Hong Kong is going to be increasingly drawn into the Chinese economy which is at rather lower of development than Hong Konɑ. So, although Hong Kong uri 11 continue to be prosperous, it will not be the very rich, international city that it would like to be."
CUE AT 07.48
But there are plenty of people to disagree with that view in Hong Kong. They dismiss market fluctuations as short-term profit taking and see Hong Kong maintaining its strong and developing position in the region.
UP ENGSOT AT 08.03 ROBERT E.RILEY, MANAGING DIRECTOR, MANDARIN ORIENTAL GROUP
"There's a certain amount of question that goes on, day to day, depending on where the Sino-British disagreement is going. And I think that's reflected in the stock. But, as I've said earlier, I think the stock market is driven by traders and not long-term investors. I think if you look at the investment statistics, both in China and in Hong Kong, I think you'll see there's a lot of optimism from a lot of international investment concerns on the long-term viability of investment opportunties here, in this regions.
A c A NYAMAN
JREYNALD
TIP ENGROT AT 00.39 RICHARD T.STIRLAND, ATDBLUNTVÄNTN
OR OF CORFO DEVELOPMENT, CATHAY PACIFIC AIRWAYS "Now, our own company is a prime example, where twenty-two point five percent of the shareholding is held by companies which are essentially mainiana-based companies. But I think again, Cathay Pacific and other businesses in Hong Kong draw an enormous amount of comfort from the fact that mainland companies and enterprises have a very substantial stake in the continued success of Hong Kong enterprise."
CUE AT 09.39
Few dispute that Hong Kong's future lies with China. The transition to Chinese sovereignty is without doubt,
CUE AT 09.47
Capital development projects have been stepped up. In all, thère ale some mine 'cure' projects tial form an integrated infrastructure development plan.
CUE AT 10.00
A wide range of international companies and consortia have won contracts to build new roads, railways, bridges and reclaim land; a very precious commodity around a city noted for its upwardly moving skyline.
CUE AT 10.30
The scale of the work makes it one of the biggest single projects of its kind in the world. All the work is due to be completed and structures in place by the time of handover in July 1997.
CUE AT 10.50
Page 15Page 16
N