THURSDAY, MARCH 3, 1988

HK'S INVESTMENT IN SHENZHEN BENEFICAL TO BOTH SIDES

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TO BE ABOUT

TO BOTH SIDES,

HONG KONG'S INVESTMENT IN SHENZHEN, BELIEVED PER CENT IN THE SPECIAL ECONOMIC ZONE, IS BENEFICIAL THE GOVERNOR, SIR DAVID WILSON, SAID TODAY (THURSDAY).

TO

SPEAKING TO REPORTERS AFTER HIS RETURN FROM A ONE-DAY VISIT

MR LI HAO, THE THE SEZ AT THE INVITATION OF THE MAYOR OF SHENZHEN,

STRUCK BY GOVERNOR SAID HE WAS

HOW MUCH SHENZHEN HAD DEVELOPED, INCLUDING THE SHEKOU AREA.

SIR DAVID SAID HE DISCUSSED

MATTERS

OF CO-OPERATION

BETWEEN

HONG KONG AND SHENZHEN.

PER CENT KONG,"

"I WAS TOLD BY THE SHENZHEN AUTHORITIES THAT OVER 70 OF THE INVESTMENT IN THE SPECIAL ECONOMIC ZONE COMES FROM HONG THE GOVERNOR SAID.

SIR DAVID SAID HE REFLECTED THAT IT WAS THAT THERE WAS THIS INVESTMENT.

GOOD FOR BOTH SIDES

BENEFIT,

PARTICULARLY

KONG "THEY BENEFIT FROM IT. WE IN HONG

WE HAVE THE OPPORTUNITY OF NOW WHEN WE HAVE A LABOUR SHORTAGE AND PROCESSING A LOT OF OUR GOODS IN QUANGDONG PROVINCE AND IN SHENZHEN.

"THAT'S ONE OF THE THINGS THAT HAS ENABLED US TO KEEP

SIR DAVID SAID.

HIGH RATES OF GROWTH OVER THE LAST TWO YEARS,

UP SUCH

MAN KAM TO

THE GOVERNOR ALSO DISCUSSED TRAFFIC CONDITIONS AT AND SHA TAU KOK BORDER CROSSINGS, WITH MAN KAM TO BEING VERY CROWDED.

"I WAS SUGGESTING THAT IT WOULD BE HELPFUL TO PUT SOME TRAFFIC ROUND SHA TAU KOK, SIR DAVID SAID.

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IMPROVING CUSTOMS

"WE TALKED ABOUT PLANS FOR PARKING FACILITIES ON THEIR SIDE, AT MAN KAM TO, WIDENING THE ROAD ON OUR SIDE, HE ADDED.

"

OF THE

FACILITIES AND AND OUR PLANS FOR

"WE

'TALKED ABOUT THE ALSO

NEW BRIDGE AT LOK MA CHAU. THEN ABOUT THAT'LL COME INTO SERVICE NEXT YEAR. FIRST ONE BRIDGE AND

SIR DAVID SAID. NINE MONTHS LATER A SECOND BRIDGE IN THE SAME PLACE,'

"AT THAT POINT, THERE WILL BE 50,000 VEHICLES A YEAR, WHICH WILL DEMAND," HE SAID.

CROSSING FACILITIES FOR ABOUT BE MORE THAN ADEQUATE ΤΟ MEET

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