3
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WEDNESDAY, DECEMBER 16, 1987
THAT THR
TWO
"WHILE PREDICTIONS VARY, IT IS GENERALLY ACCEPTED UNITED STATES ECONOMY IS LIKELY TO GROW MORE SLOWLY IN THE NEXT YEARS," HE SAID, ADDING THAT THIS WOULD HAVE A KNOCK-ON EFFECT ON OTHER MAJOR INDUSTRALISED ECONOMIES AND ON THOSE ECONOMIES WHICH EXPORTED A LARGE PART OF THEIR PRODUCTS TO THE UNITED STATES.
MR JACOBЯ9 DREW ATTENTION TO HONG KONG'S TRADING POSITION IN RELATION TO THE UNITED STATES, PARTICULARLY IN THE CONTEXT OF THE LINKED EXCHANGE RATE SYSTEM, AT THE SAME TIME REPEATING THAT THERE WAS NO INTENTION OF ALTERING THE RATE OR ABANDONING THE SYSTEM.
WHILE THE GROWTH RATE OF U.S. EXPORTS TO HONG KONG WAS THE HIGHEST AMONGST THE ASIAN NEWLY INDUSTRIALISED COUNTRIES (NIC'S), THAT OF U.S. IMPORTS FROM HONG KONG WAS THE LOWEST, HE SAID.
THE GROWTH RATE OF THE U.S. TRADE DEFICIT WITH HONG KONG WAS ALSO THE LOWEST AMONGST THE ASIAN NIC'S, HE ADDED.
"AS FAR AS THE UNITED BEHAVING TRADING PARTNER.
IN
STATES 18 CONCERNED, WE ARE A WELL
ON THE STRONG UPSURGE IN THE TRADE WITH CHINA, MR JACOBS SAID THAT THIS TREND BEGAN SOME YEARS AGO WHEN CHINA STEPPED UP ITS MODERNISATION PROGRAMMES AND INTRODUCED ITS OPEN-DOOR ECONOMIC POLICIES. "WE WELCOME THIS DEVELOPING MARKET, HE SAID.
T
ON HONG KONG'S RE-EXPORT TRADE, MR JACOBS SAID THAT THE RE-EMERGENCE OF HONG KONG AS AN ENTREPOT WAS REMARKABLE.
"BY MAKING USE OF HONG KONG '8 INFRASTRUCTURAL FACILITIES TO CHANNEL HER
AGAIN PLAYING A MAJOR PART IN THIS REGARD.
ᅡ
EFFICIENT PORT AND OTHER EXTERNAL TRADE, CHINA IS
IN THE FIRST 10 MONTHS OF THIS YEAR, NEARLY
HONG KONG'S RE-EXPORTS BY VALUE WERE ATTRIBUTABLE AS A SOURCE OR AS A MARKET, '
*
HE SAID.
80 PER CENT OF
TO CHINA, EITHER
AIDS MONOGRAPH FOR DOCTORS AND DENTISTS
THE MEDICAL AND HEALTH DEPARTMENT HAS PRODUCED A MONOGRAPH ON AIDS FOR REFERENCE BY DOCTORS AND DENTISTS IN HONG KONG.
DISTRIBUTION OF THE 24-PAGE MONOGRAPH BY THE CENTRAL HEALTH EDUCATION UNIT OF THE DEPARTMENT BEGAN LAST WEEK AND WILL EVENTUALLY REACH SOME 5,570 DOCTORS AND DENTISTS REGISTERED ON THE LOCAL LIST WITH THE BOARDS AND COUNCILS.
/ANNOUNCING THIS