JAN 28 '93 11:05 LKDEL
ECO KI
IVE 26 JAN 93 13:19
GOVERMENT HOUSE HONG KONG.
TUS 26 JAN 93 89:86
CONFIDENTIAL
PG.88
PG.65
P.5/13
and
the Hong Kong dollar will continue to be a freely convertible currency, It will bave full autonoay in muezzini relations and HK will remain
ita
External
a separate custome territory.
(B)
Economio growen bas gained
:
underpinned by strong private demand and increases in
exporta and
and re-esports. GDP growth is expected to
reach tha
official
prospecta for 1993 remain favourable
for 1992 and
(C)
Chine'a c
continoed ommitment
the
strengthening
of
HX**
southam Chine
to economic reform and
economic
links with
enhanced HX's role in providing
essential financial and trade-related
services to
China. With the expansion of productive capacity in southern China, there have been incressing outward. processing activities associated with the transfer of labour-intensive masifacturing activities to China,
Monetary and exchange rate policies
5.
(A)
HK
for
Authorities welc
continued
the fund staff's supporE
mitment to the linkad exchange
rata
system
which werYER
***
cornerstone
financial stability and confidence in HK.
HUTI BILL