MONDAY, MARCH 21, 1988
GOVERNOR EXPLAINS VALUE OF HK-CHINA ECONOMIC TIES
*
INTERDEPENDENCE THAT NOW EXISTS RELATIONSHIP OF IMMENSE VALUR TO
WILSON, DAVID
SAID IN LONDON TODAY
THE HIGH DEGREE OF ECONOMIC BETWEEN HONG KONG AND CHINA IS A BOTH SIDES, THE GOVERNOR, SIR (MONDAY).
ADDRESS
ΤΟ
THE
ROYAL
OF
+
INSTITUTE WIDE-RANGING IN A
OF HONG KONG'S INTERNATIONAL AFFAIRS, SIR DAVID EXPLAINED THAT MUCH
BUSINESS BOOMING PORT VERY HIGH GROWTH RATES, RECENT SUCCESS
ΤΟ THE HONG KONG WAS BECAUSE OF THE INCREASING IMPORTANCE OF CHINA ECONOMY.
— —
FOR CHINA, THIS ECONOMIC
RELATIONSHIP MIGHT ACCOUNT FOR AS MUCH AS ONE THIRD OF ALL FOREIGN EXCHANGE EARNINGS.
"IT IS AGAINST THIS BACKGROUND THAT ONE HAS
OF QUESTION SINO-BRITISH JOINT DECLARATION ON THE DAVID SAID.
ΤΟ SEE THE 1984 HONG KONG,' SIR
10
OF HONG
· GUARANTEE OF ITS FUTURE."
AND
"THE POINT I WOULD LIKE TO MAKE IS THAT
ITS INCREASING KONG,
VALUE
THE ECONOMIC SUCCESS
13 CHINA, TO
THE BEST
"HONG KONG IN HIS SPEECH ON
IN TRANSITION",
S1R DAVID SAID 1997 HAD NOT SURPRISINGLY THE RESUMPTION OF CHINESE SOVEREIGNTY IN
IT WAS COME TO DOMINATE INTERNATIONAL COVERAGE OF THE TERRITORY, BUT IN FACT ONLY ONE OF MANY IMPORTANT DEVELOPMENTS.
HE POINTED TO THE GREAT CHANGES THAT HAD TAKEN KONG SINCE THE 1960'S AND 1970'S.
PLACE IN HONG
PERHAPS ANY "IT HAS GROWN, DEVELOPED, MATURED FAR FASTER THAN
AT OTHER SOCIETY ON BARTH. IT IS CONTINUING TO DEVELOP AND TO CHANGE A GREAT PACE," HE SAID.
"IT IS IN THIS CONTEXT THAT WE SHOULD LOOK AT HONG
AND WHAT IT WILL BE IN IT IS NOW. HOW IT IS CHANGING. BEYOND."
KONG. WHAT
1997
AND
ON ECONOMIC
DEVELOPMENT,
SIR DAVID DESCRIBED AND HOW THE INDUSTRY,
THE POSTWAR HAD ECONOMY
GROWTH OF THE MANUFACTURING EXPANDED AMAZINGLY SINCE THE 1960'S.
CITING FIGURES, HE REFERRED TO THE NEARLY TWENTY-FOLD
FROM US$2.5 BILLION IN 1967 TO
IN THE GROSS DOMESTIC
US$46 BILLION IN 1987.
PRODUCT
TOTAL VISIBLE
TRADE
RISEN HAD
THIRTY-FOLD
— —
BILLION IN 1967 TO US$97 BILLION IN 1987; IN REAL TERMS NEARLY 12 PER CENT GROWTH YEARLY FOR 20 YEARS.
HONG KONG
INCREASE OVER
FROM US$3.3 AMOUNTING ΤΟ