11
THURSDAY, APRIL 6, 1989
HONG KONG IS NOW THE 11TH LARGEST TRADING ENTITY IN THE TAKING UP 1.9 PER CENT OF WORLD TRADE.
WORLD,
ON HONG KONG'S TRADE PATTERNS, MR CHEUNG SAID THE MOST NOTABLE
WAS CHANGE OVER THE PAST FEW YEARS
THAT CHINA HAD
THE OVERTAKEN UNITED STATES AS HONG KONG'S LARGEST TRADING PARTNER.
TRADE BETWEEN CHINA AND HONG KONG INCREASED 27 TIMES IN VALUE TERMS BETWEEN 1978 AND 1988.
RAPID GROWTH
IN HONG
THE MR CHEUNG SAID THE MAIN FACTOR IN KONG'S DOMESTIC EXPORTS AND RE-EXPORTS TO CHINA HAD BEEN THE INCREASE IN OUTWARD PROCESSING ACTIVITIES IN CHINA.
DEVELOPMENT: THE "OUTWARD PROCESSING IS A MUTUALLY BENEFICIAL
THE MANUFACTURING PRODUCTION CAPACITY OF
SECTOR IN HONG KONG 13 MORE ENLARGED AND THE ABUNDANT LABOUR RESOURCES IN CHINA ARE EMPLOYED EFFICIENTLY, HE ADDED.
MR CHEUNG ALSO POINTED ΤΟ THE RE-EMERGENCE OF HONG KONG'S ENTREPOT ROLE.
HONG
"CHINA IS BOTH THE LARGEST MARKET FOR HONG KONG'S RE-EXPORTS AND THE MOST IMPORTANT SUPPLIER
THROUGH RE-EXPORTED
KONG.
OF GOODS
"JAPAN IS ALSO A SIGNIFICANT PARTNER IN HONG KONG'S RE-EXPORT THROUGH TRADE, BEING THE SECOND LARGEST SUPPLIER OF GOODS RE-EXPORTED HONG KONG," HE SAID.
THE
OF
SOME
CHEUNG SAID THAT GIVEN TURNING TO FUTURE PROSPECTS, MR LIKELY SLOWDOWN IN THE GROWTH OF THE U.S. MARKET AND THE EMERGENCE
REGION ASIA-PACIFIC THE
AS A DYNAMIC ECONOMIC FORCE, EXPORT MARKETS DIVERSIFICATION IN
IN FAVOUR OF THE ASIA-PACIFIC REGION WAS EXPECTED AND THE FOCUS WAS LIKELY TO BE JAPAN.
NT TAXIS PERMITTED TO OPERATE IN MA ON SHAN
THE GOVERNOR IN COUNCIL HAS APPROVED A
RECOMMENDATION
BY THE OF BOUNDARY
NEW
THAT THE OPERATING COMMITTEE TRANSPORT ADVISORY TERRITORIES TAXIS BE EXTENDED TO INCLUDE MA ON SHAN.
ALL SAI
THE APPROVAL INCLUDES ALLOWING NT TAXIS TO SERVE ROADS TO BE BUILT WITHIN MA ON SHAN, AND TO TRAVEL FROM THE PRINCE OF WALES HOSPITAL AND TO TAI PO OR NORTH DISTRICT.
INTERNAL KUNG TO
OR SET AND THE PRINCE
HOWEVER, THE NT TAXIS WILL NOT BE PERMITTED TO PICK UP DOWN PASSENGERS ON THE MAIN ROADS BETWEEN MA ON SHAN OF WALES HOSPITAL.
/AT PRESENT