THURSDAY, SEPTEMBER 10, 1987
SINO-BRITISH JOINT DECLARATION 'OUTSTANDING'
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THERE HAS BEEN GENERAL
RECOGNITION OF THE FACT THAT THE SINO-BRITISH JOINT DECLARATION IS AN OUTSTANDING INTERNATIONAL AGREEMENT, AND ONE ON WHICH HONG KONG CAN BUILD A SECURE AND PROSPEROUS FUTURE, ONE OF
ONE OF HONG KONG'S TOP REPRESENTATIVES IN THE UNITED STATES SAID IN BOSTON, MASSACHUSETTS TODAY (FRIDAY).
THE REPRESENTATIVE, HONG KONG'S DIRECTOR OF ECONOMIC AFFAIRS IN NEW YORK, MR KERRY MCGLYNN, WAS SPEAKING AT A SEMINAR FOR AMERICAN BUSINESSMEN INTERESTED IN INVESTING IN OR TRADING WITH HONG KONG. OTHER PARTICIPANTS INCLUDED HONG KONG'S DIRECTOR OF INDUSTRY, MR K.Y. YEUNG, AND THE HONG KONG TRADE DEVELOPMENT COUNCIL'S SENIOR REPRESENTATIVE IN THE UNITED STATES, MR ANDREW MA.
MR MCGLYNN TOLD THE GATHERING THAT THE IMPLEMENTATION OF THE AGREEMENT WAS ALSO PROCEEDING SMOOTHLY. "EQUALLY, THE BEDDING DOWN PROCESS HAS SHOWN RESULTS ALREADY, POINTING THE WAY CONCERNED ARE DETERMINED WILL BE A SEAMLESS TRANSITION SAID.
TO WHAT ALL IN 1997, HE
T
TURNING TO RECENT REPORTS OF A FLIGHT OF CAPITAL AND PROFESSIONAL WORKERS FROM HONG KONG, MR MCGLYNN POINTED ΤΟ THE BOOMING ECONOMY, SAYING THAT THE FACTS DID NOT BEAR OUT THE CLAIMS,
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'IT IS DIFFICULT TO IMAGINE HOW A COMMUNITY SUPPOSEDLY GRIPPED BY FEAR. WHICH IS SUFFERING FROM A MASSIVE BRAIN DRAIN AND A HAEMORRHAGE OF CAPITAL, CAN AT THE SAME TIME MANAGE ONE OF THE FASTEST GROWING ECONOMIES IN THE WORLD. ALL I CAN ALL THE MONEY AND MANAGERS RETURN: LOOK OUT WORLD,
COMMENTING ON THE POLITICAL SCENE
마
SAY IS THAT WHEN
HE SAID.
IN HONG KONG, MR MCGLYNN SAID THAT THE NEXT FEW MONTHS WOULD BE IMPORTANT, WITH THE PUBLICATION OF THE FIRST DRAFT OF THE BASIC LAW NEXT YEAR AND THE RELEASE OF THE WHITE PAPER ON PROPOSALS FOR POLITICAL DEVELOPMENT AT MORE OR LESS THE SAME TIME. BETWEEN THEM, НЕ SAID, THESE TWO DOCUMENTS SHOULD SIGNPOST THE WAY FORWARD IN TERMS OF POLITICAL DEVELOPMENT.
"IF THE SIGNPOSTS POINT IN WHAT THE PEOPLE PERCEIVE TO BE THE RIGHT DIRECTION, SOME OF THE PRESENT POLITICAL WORRIES SHOULD BE RESOLVED AND A FURTHER PERIOD OF ECONOMIC GROWTH AND POLITICAL MATURITY CAN BE ANTICIPATED, HE SAID.
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_
A
"THE JOINT DECLARATION IS A BOLD AND IMAGINATIVE SOLUTION TO UNIQUE PROBLEM. ALL OF THOSE INVOLVED
THE PEOPLE OF HONG KONG, BRITAIN AND CHINA HAVE SO MUCH TO GAIN BY ITS SUCCESS THAT ITS FAILURE IS UNTHINKABLE," MR MCGLYNN CONCLUDED.
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