3
FRIDAY, SEPTEMBER 15, 1989
HONG KONG'S ECONOMIC SIGNS ARE GOOD
OFFICE IN REMARKED THAT THE KONG'S ECONOMY ΤΟ ANY
THE DEPUTY DIRECTOR OF HONG KONG ECONOMIC AND TRADE SAN FRANCISCO, MR JACK CHAN, YESTERDAY (THURSDAY) RECENT UNREST IN CHINA HAS NOT AFFECTED HONG SIGNIFICANT DEGREE.
A ADDRESSING
GROUP
AND
THAT HONG GOOD AND
OF ASIAN AMERICAN PROFESSIONALS GOVERNMENT OFFICIALS IN SAN JOSE, CALIFORNIA. MR CHAN SAID
AND ALL INTACT
THE KONG'S ECONOMY IS
ARE SIGNS
ENCOURAGING.
VITAL
EXPORTS
"OUR TRADE WITH CHINA CONTINUES TO EXPAND. HONG KONG'S
YEAR INCREASED AND RE-EXPORTS TO AND IMPORTS FROM CHINA IN JULY THIS
THAT OF THE BY 16. 11 AND 30 PER CENT RESPECTIVELY AS COMPARED WITH SAME PERIOD LAST YEAR. AS FAR AS HONG KONG'S ECONOMY 19 CONCERNED, IT IS BUSINESS AS USUAL.
-
MR CHAN TOOK THE RECENT AWARD OF THE
GARDEN ROAD OF THE
THE PURCHASE
CONFIDENCE IN HONG KONG.
SITE
CABLE TV FRANCHISE AND
OF EVIDENCE AS
BUSINESS
AND OPERATE HONG KONG'S
HE SAID THAT THE FRANCHISE TO BUILD FIRST CABLE TV SYSTEMS WAS AWARDED LAST MONTH.
BY THE
ON THE
THE WINNING CONSORTIUM. INCLUDES A 25 PER CENT HOLDING AMERICAN CORPORATION US WEST, WILL INVEST OVER US$500 MILLION PROJECT WITH A PAY BACK PERIOD EXTENDING TO SEVEN YEARS AFTER 1997.
AREA. THE THE LAST PRIME SITE IN HONG KONG'S CENTRAL BUSINESS GARDEN ROAD SITE, WAS RECENTLY BOUGHT BY A CONSORTIUM FOR ABOUT US$350 MILLION. THE TOTAL INVESTMENT COST INCLUDING CONSTRUCTION MAY REACH US $700 MILLION. AGAIN THE PAY BACK PERIOD IS WELL BEYOND 1997.
FUTURE
"ALL THESE DEMONSTRATE THAT THE BUSINESS SECTOR
IN THE REMAIN OVERSEAS NOTWITHSTANDING THE RECENT DISTURBANCE IN CHINA.
AND
CHAN
CONFIDENT
HONG KONG HAS
MR
THAT SAID OPPORTUNITIES FOR AMERICANS.
114
IN LIONG KONG OF
KONG HONG
TREMENDOUS
BUSINESS
"HONG KONG IS AN IMPORTANT MARKET FOR AMERICAN GOODS. IN WE IMPORTED FROM THE US $5.3 BILLION WORTH TRADE AMOUNTED TO US$21 BILLION. ON A PEOPLE ARE THE BIGGEST
GOODS
US OF
YEAR.
1988. OF GOODS AND OUR TOTAL PER CAPITA BASIS, HONG KONG OF AMERICAN GOODS. EACH
OF AMERICAN
EACH EEC COUNTRIES US$179. JAPAN
AUSTRALIA
ARE US$335. AND TAIWAN US$224, KOREA US$186.
CUT DIAMONDS, AND NUMBER ONE EXPORT MARKET FOR AMERICAN GINSENG AND NUMBER THREE FOR AMERICAN CIGARETTES AND ORANGES.
CONSUMERS
US$1.000
WORTH
US$362
THAN CONSUMES MORE SUBSTANTIALLY MORE THAN FOR EXAMPLE THE
TRULY
ON THE QUESTION OF 1997. MR CHAN SAID HE THE SINO-BRITISH AGREEMENT ON THE FUTURE OF HONG KONG AND FAITHFULLY IMI'LEMENTED.
WE
BELIEVES THAT WILL BE FULLY
THE SINO-BRITISH