JAN 28 '93 11:04 UKDEL
GOVERMENT HOUSE HONG KONG.
TUE 26 JAN 93 08169
PG.87
(2)
CONFIDENTIAL
the inflation problex and measures to tackle it;
and
|(3)
the expansionary effect of our fiscal policy.
Line zo tika
General
3.
the Article IV
The HK authoritiWa are happy that consultation arrangements for Hong Kong would revert
to a 12-month cycle.
Economy i general
4. (A)
HK's
BCONCORÍ
buccana in the recent decades derives
mainly from its favourable investment
climate and
business environment,
which
racieces
free
international
finance regime, MIKË
domaatio regulation, low taxation
limited
rate and fiscal
discipline.
Under
the Sino-British
Joint
Declaration, the XX specini Administrative · Region
snational financial centre wien
will remain an international
flow of capital into and out of the territory
P.4/13