THURSDAY, AUGUST 6, 1987

3

CONFIDENCE ONLY INDUCED BY DEEDS, NOT WORDS

NOT ONLY WAS THE SIGNING IN 1984 OF THE SINO-BRITISH AGREEMENT ON THE FUTURE OF HONG KONG A TONIC FOR THE TERRITORY AT A TIME OF WANING CONFIDENCE, BUT THE LAST THREE YEARS HAVE PROVEN THAT IT WORKS, THE DEPUTY SECRETARY FOR GENERAL DUTIES, MR

TSANG, SAID IN WINNIPEG, CANADA, YESTERDAY (WEDNESDAY).

DONALD

HAD LAID A

SPEAKING BEFORE THE WINNIPEG CHAPTER OF THE HONG KONG-CANADA

THE AGREEMENT BUSINESS ASSOCIATION, MR TSANG SAID THAT SOLID FOUNDATION FOR STABILITY AND GROWTH.

THE NUMEROUS

INDICATIONS

OF A

то AS EVIDENCE, HE POINTED VIBRANT ECONOMY FOUND IN HONG KONG TODAY: THE HEALTHY PROPERTY MARKET, THE RECORD-BREAKING STOCK PRICES, GROWING FOREIGN INVESTMENT, LOW UNEMPLOYMENT AND INFLATION, AND BOOMING EXPORTS.

"THE HONG KONG COMMUNITY IS RESOURCEFUL, INVENTIVE AND

FLEXIBLE. GIVEN GOOD SENSE AND ENTERPRISE THE NEXT CENTURY WILL DOUBT SEE HONG KONG REACHING EVEN MORE ENVIABLE GOALS," HE SAID.

MR TSANG SAID THAT THE CHANGE IN 1997 WOULD BE SIGNIFICANT PREPARING FOR IT IS A MAJOR CHALLENGE, WITH MUCH WORK REMAINING TO

BY

ONLY WORDS, DONE. AND CONFIDENCE, HE SAID, CANNOT BE INDUCED DEEDS.

NO

AND

BE

BY

"FOR SOMEONE LIKE MYSELF, 1997 IS THE GREATEST CHALLENGE I EVER HOPE TO WITNESS IN A LIFETIME. NOTHING ELSE ON EARTH CAN MOVE AWAY FROM SEEING IT THROUGH SMOOTHLY," MR TSANG SAID.

CAN

ME

WITH THE APPROACH OF 1997, THERE WOULD BE THE STRONGEST POSSIBLE MOTIVE TO WORK FOR FAITHFUL IMPLEMENTATION OF THE WHICH WAS IN THE INTEREST OF A MODERNISING CHINA, AND EQUALLY INTEREST OF THE BRITISH GOVERNMENT, HE SAID.

AGREEMENT,

IN THE

PERSEVERANCE

"ON THE EVIDENCE SO FAR THERE IS ROOM FOR CONSIDERABLE ENCOURAGEMENT. THE BASIC HONG KONG DYNAMISM,

AND

BUT THERE

A PRAGMATISM STILL RUN STRONG.

STRONG TRADITION OF PREJUDICE THE MAJOR CONSENSUS AND AN UNWILLINGNESS TO

ELEMENTS IN HONG KONG'S PAST SUCCESSES.

"THERE IS A WILL

ON THE

IS

PART OF ALL

SECURE MR

ΤΟ CONCERNED CONTINUITY OF SYSTEMS AND TO AVOID A BREAK IN CONTINUITY IN 1997," TSANG SAID.

TURNING TO HONG KONG'S PRESENT RELATIONS WITH CHINA, SAID THAT THEY HAD BEEN DEVELOPING AT AN EXTRAORDINARY SPEED.

MR TSANG

A NEW DIMENSION TO THE OPENING OF CHINA'S ECONOMY HAD ADDED

HONG ALTHOUGH

KONG HAS HONG KONG'S COMMERCIAL AND SOCIAL LIFE, AND

FOREIGN TRADITIONALLY GENERATED A

PART OF CHINA'S

EXCHANGE EARNINGS, THE COMMERCIAL RELATIONSHIP WHICH HAS DEVELOPED IN THE FEW YEARS COULD BEST BE DESCRIBED AS SYMBIOSIS, HE SAID.

LARGE

LAST

PHONG KONG

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