JAN 28 '93 11:15 UKDEL
>
GOVERMENT HOUSE HONG KONG.
TUE 25 JAN SA VAIKŠ
PG.11
CONFIDENTIAL
(B)
But
EK Authoriti
are not complacent and have
doing what it can to contain inflation, mainly
labour and
by tackling the ¦ mupply constraints
Land. The Authorities continus to augment the supply
DI labour to meet the changing pattern of demand, by
Fa-training local workers and by bringing in foreign
porkers
SELECTİYE Desis. In January 1993, the
Authorities announced CART the ceiling on imported
workers permitted
Labour importation sobens for the now airport and
felated projects will be raised from 2,000 to 5,500
rozvetion projects that axw already
GO
ΓΟΥΕΣ
MOLX in Xx under the special
m
in addition
overall
biling of 35,000 for the general labour importation
schone to alleviate shortages in particular skills.
(C)
the
residential property market,
Anti-speculative momouent, including the tightening
the banks' criteria. for providing mortgage
already have their effects. speculation has
Fooled off in the second half of 1992 and flat prices
currently
cander
Felatively quiet market.
pressures in
P.3/6