THURSDAY, OCTOBER 8, 1987
WITHOUT ITS
"HONG KONG'S IMPRESSIVE DEVELOPMENT HAS NOT BEEN DETRACTORS. ITS ENVIABLE SUCCESS MAKES FOR A GOOD STORY BUT POOR NEWS.
'KNOCK' ITS SUCCESS BY JOURNALISTS SEEM THEREFORE TO BE OBLIGED TO DREAMING UP DRAMATIC 'NEWS ITEMS', MOST OF WHICH ARE DERIVED FROM SO-CALLED 1997 SYNDROME, HE SAID.
H
THE
KONG IS SUFFERING
FROM MASS EMIGRATION' MR EMIGRATING, BUT NOTED
COMMENTING ON ALLEGATIONS THAT 'HONG
FACES KONG INCREASING BRAIN DRAIN' AND 'HONG TSAO ADMITTED THAT IT IS A FACT THAT SOME ARE THAT A SIGNIFICANT NUMBER HAVE RETURNED.
STRATEGIC
"WE ARE ALSO FORTUNATE IN THAT OUR
AND ECONOMY POSITION ALLOWS US TO OFFSET ANY LOCAL LOSS WITH AN INCREASING OF 'OVERSEAS BRAINS', MANY OF WHOM ARE AMERICAN,"
THAT HONG KONG
HE SAID.
IS FACING
A
HEAVY
ON THE COMMENT OUTFLOW, MR TSAO REMARKED THAT IT WAS A COMMON FEATURE OF ECONOMY TO DIVERSIFY ITS INVESTMENTS.
THE BULK
"OUR OUTFLOW HAS BEEN MORE THAN BALANCED BY A OF FOREIGN CAPITAL COMING INTO HONG KONG. OUTWARD INVESTMENT HAS BEEN TO CHINA.
NUMBER
CAPITAL ANY STRONG
MARKED INCREASE OF HONG KONG'S
THAT MONEY IS LEAVING HONG
THE WHEN
BULK OF THAT
MONEY
"IT DEFIES LOGIC TO SAY BECAUSE OF THE IMMINENCE OF 1997, GOING TO CHINA. MONEY IS NOT RUNNING AWAY FOR FEAR OF CHINA. MONEY RUNNING INTO CHINA, HE SAID.
11
CYNICS
THAT
HONG
KONG
IS
IS
IS
REFERRING
KONG CLAIMS TO
BY SOME
OVER ADMINISTERED BY A 'LAME-DUCK' ADMINISTRATION CONSTANTLY LOOKING
MR TSAO ASSURED HIS ITS SHOULDER TOWARDS ITS FUTURE MASTER, CHINA,
COMMITTED TO AUDIENCE CATEGORICALLY THAT THE HONG KONG GOVERNMENT IS
BEST INTERESTS OF ITS RUNNING HONG KONG UNTIL JUNE 30, 1997 IN THE PEOPLE.
"GOVERNMENT HAS COMMITTED
TO ITSELF
MASSIVE INFRASTRUCTURAL AND INVESTMENTS IN THE FORM OF PORT EXPANSION, A NEW UNIVERSITY, ROAD
A NEW AIRPORT. ALL OF THESE RAIL IMPROVEMENTS AND POSSIBLY
BEYOND 1997, MR INVESTMENTS REPRESENT A COMMITMENT WHICH Ggoes well TSAO SAID.
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