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Wednesday, March 15, 1972
Earlier in his speech, Dr. Chung compared Hong Kong's Gross Domestic
Product growth rate with other countries in the region.
He said the average growth of Hong Kong's GDP at current prices for
the six year period 1966 to 1971 was 14 per cent per annum.
"According to the latest economic survey of Asia and the Far East published
only a few days ago by the United Nations Economic Commission for Asia and the
Far East (ECAFE), the average annual growth rate of GNP/GDP during the three
year period 1969-71 is about nine per cent for Japan and about 13 per cent for
Singapore, as compared to Hong Kong's 16 per cent," he said.
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