7
-
THURSDAY, APRIL 27, 1989
IF THEY CONCLUDED THAT THERE WERE LIMITS TO WHAT COULD BE DONE, THEN THE SUPPLY SIDE STRATEGY WOULD NEED RE-ASSESSMENT, HE SAID.
то
TO
ANALYSIS,
"THE LONG TERM DIRECTION OF THE ECONOMY, AND HOW IT RELATES
ALSO BE SUBJECTED MUST DEMAND, LABOUR SUPPLY AND MR BARROW SAID.
TRANSITION
H
PERIOD, A
WAS MOVING THROUGH THE AS HONG KONG
LABOUR AND OTHER ISSUES MIGHT BE FLEXIBLE SHORT TERM APPROACH ON NEEDED TO ENSURE THE ECONOMY COULD CONTINUE TO GROW, HE ADDED.
TURNING TO THE ECONOMY, MR BARROW SAID 1988 MILESTONE YEAR WITH DOMESTIC EXPORTS ECLIPSED BY FIRST TIME.
WAS AN IMPORTANT RE-EXPORTS FOR THE
WHOLE "IT IS A DEVELOPMENT WITH ENORMOUS RAMIFICATIONS FOR THE
MANUFACTURING SECTOR, AS PATTERN OF OUR TRADE AND THE FUTURE OF OUR WELL AS FOR OUR INFRASTRUCTURE,
*
HE SAID.
THE DEVELOPMENT OF THE MR BARROW SAID HE WAS CONFIDENT THAT
IMMUNE
OVERALL FROM THE PEARL RIVER AUSTERITY AND RECTIFICATION PROGRAMME CURRENTLY PREVAILING IN CHINA.
DELTA
WOULD
REMAIN
LARGELY
AND DOMESTIC
RE-EXPORTS TO CHINA WERE UP 56 PER CENT BY 35 PER CENT IN THE FIRST TWO MONTHS OF THIS YEAR.
EXPORTS
STATISTIC IN REMARKABLE
OUR MR BARROW POINTED OUT THAT ONE
MAINLAND TRADE WITH CHINA WAS THE RAPID INCREASE IN RE-EXPORTS TO THE
US$1 BILLION OF CHINA-ORIGIN PRODUCTS WHICH ROSE 44 PER CENT TO OVER LAST YEAR.
KONG'S "HONG
ROLE IN
DOMESTIC THIS IMPORTANCE TO THE MAINLAND," HE SAID.
HIGHLIGHTS TRADE
OUR
IN ENSURING A GENUINELY
MR BARROW EMPHASISED THAT ONE OF THE KEY ELEMENTS THE MAINTENANCE OF WAS HONG KONG'S CONTINUED SUCCESS INTERNATIONAL AND OPEN OUTLOOK ON EVERY FRONT,
"IT IS ONLY BY ATTRACTING AND RETAINING INTERNATIONAL
THAT HONG KONG WILL BE USEFUL TO CHINA.
BUSINESS
CITY BALANCED BY THE
"SEPARATENESS AS A TRULY INTERNATIONAL ECONOMIC INTERDEPENDENCE WITH CHINA SHOULD BE OUR AIM," HE SAID.
"BEING INTERNATIONAL MEANS PROVIDING THE CONDITIONS MEET THE EXPECTATIONS OF MULTINATIONAL CORPORATIONS.
THAT
WILL
SERVICE SECTORS ARE I RECOMMEND THAT THE LAWYERS SHOULD BE SETTLED
"IT MEANS ENSURING THAT OUR PROFESSIONAL
THIS CONNECTION AS OPEN AS POSSIBLE, AND IN ISSUE OF FOREIGN LAWYERS EMPLOYING LOCAL QUICKLY," MR BARROW SAID.
ON THE QUESTION OF PRIVATISATION IN
OPTION SHOULD
THE FUTURE BE PURSUED
THE ECONOMY, HE SAID THIS THERE SHOULD BE BENEFITS FOR HONG KONG AS A WHOLE.
DIRECTION VIGOROUSLY
OF
AS
/"IT WILL *****