TUESDAY, OCTOBER 25, 1988
3
THE GOVERNOR ADDED THAT HONG KONG WAS NOT IMMUNE FROM PROBLEMS, BUT IT DID NOT TRY TO SWEEP THESE UNDER THE CARPET.
SUCH AS WERE THE SYMPTOMS
·
IN FACT, MANY OF THE PROBLEMS NOW BEING EXPERIENCED A SHORTAGE OF LABOUR AND RAPID RISES IN WAGES
NOT OF WANING CONFIDENCE BUT OF AN EXPANDING ECONOMY.
HONG KONG
-
JAPAN TIES GROWING: HAMISH MACLEOD
KONG AN
AND ECONOMIC
TRADE OFFICE THE OPENING OF THE HONG
IMPROVEMENT IN ENCOURAGING TOKYO LAST MONTH COINCIDES WITH
JAPAN, THE SECRETARY FOR TRADE TERRITORY'S EXPORT PERFORMANCE TO INDUSTRY, MR HAMISH MACLEOD, SAID TODAY (TUESDAY).
ADDRESSING
A
+
KONG
IN THE AND
ASSOCIATION,
MEETING OF THE JAPAN/HONG
YEARS OF LACKLUSTRE GROWTH, MR MACLEOD SAID THAT AFTER A NUMBER OF
AND 53 PER HONG KONG'S EXPORTS TO JAPAN ROSE BY 35 PER CENT IN 1986 CENT LAST YEAR.
"WHILE THE BASE FOR THIS GROWTH IS SMALL JAPAN ABOUT ONE-EIGHTH OF WHAT WE SELL TO THE USA WITH YOUR HELP WE CAN CONTINUE TO IMPROVE OUR SALES,
PERSISTENTLY
WE ONLY SELL то
I AM HOPEFUL THAT
SAID MR MACLEOD.
11
TO DO
WE 30.
ARE MARKETS.
ΤΟ DEMAND. THESE
"WE INTEND TO WORK HARD AND ENCOURAGED BY THE EFFORTS BEING MADE BY JAPAN TO OPEN UP ITS
INTEREST GREAT
EFFORTS THE CURRENT ALSO WE HAVE WATCHED WITH RESTRUCTURE THE JAPANESE ECONOMY TO ENCOURAGE DOMESTIC ARE HEALTHY AND USEFUL DEVELOPMENTS," HE ADDED.
WAS ECONOMY
TERMS BY
FOR THE HONG KONG MR MACLEOD SAID THE OUTLOOK BRIGHT WITH GROSS DOMESTIC PRODUCT EXPECTED TO GROW IN REAL ABOUT SIX PER CENT THIS YEAR.
DEPENDENT IT'S MAJOR ITS CONTINUED ACCESS TO
OF
"HONG KONG IS ALWAYS ALIVE TO THE REALITY THAT IT IS
PERFORMANCE ON THE ECONOMIC NOT JUST ON ITSELF BUT OVERSEAS MARKETS AND, MORE IMPORTANTLY, ON THEM, HE SAID.
"
US: "TO MAINTAIN CONTINUED ACCESS TO MARKETS ALREADY OPENED TO
GAIN ENTRY INTO MARKETS TO REMOVE BARRIERS WHERE THEY EXIST AND TO
FRONT," HE THAT ARE CLOSED ARE OUR OVERRIDING PRIORITIES ON THE TRADE ADDED.
/"WE ARE