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THURSDAY, APRIL 26, 1990
AGREEING WITH THE COMMENTS MADE YESTERDAY BY MANY MEMBERS IN SUPPORT OF MORE PRIVATISATION, MR BARROW SAID THE ADMINISTRATION SHOULD URGENTLY EXPLORE WHICH OTHER AREAS OF EXISTING INFRASTRUCTURE, OR OTHER SECTORS OF THE ECONOMY, COULD BE CONSIDERED FOR PRIVATISATION WHICH WOULD ALL HELP COMBAT INFLATION.
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INFLATION,
HE POINTED OUT THAT SOME OF THE CURRENT PROBLEMS HIGH WAGES AND SCARCE LABOUR IN PARTICULAR
WERE CAUSING CONCERNS AMONGST OUR TRADING PARTNERS AND THE MULTINATIONALS BASED HERE OR CONTEMPLATING MOVING HERE.
THEREFORE, VIGOROUS PROMOTION THROUGH THE HONG KONG OVERSEAS GOVERNMENT OFFICES SHOULD BE STEPPED UP, WITH PROFESSIONAL HELP WHERE APPROPRIATE, HE SAID.
ABOVE ALL, HONG KONG MUST COMMIT ITSELF TO A COURSE OF ACTION AIMED AT MAINTAINING THE TERRITORY'S STATUS AS AN OPEN, INTERNATIONAL CITY OPEN TO OUTSIDE IDEAS, INFLUENCES AND OPPORTUNITIES, AS WELL AS TO EVEN STRONGER GROWTH, HE REMARKED.
LONG-RANGE STRATEGIC PLAN NEEDED
THE HON PAUL CHENG, SUGGESTED TODAY (THURSDAY) THAT THE FUTURE BUDGET PROCESS SHOULD BE SHAPED TO PROVIDE A CLEARER PICTURE KONG'S FINANCIAL PLANNING IN SUPPORT OF THE TERRITORY'S FOR BUILDING CONFIDENCE.
ON HONG PRIORITIES
PROCESS TO
HE URGED THE ADMINISTRATION TO CHANGE THE BUDGET ALLOW LEGISLATORS TO DEVOTE THE VALUABLE TIME THEY SPENT IN SPECIAL BUDGET MEETINGS TO BE SPENT ON AN EXCHANGE OF STRATEGIC VIEWS, RATHER THAN ON THE USUAL LINE-BY-LINE "DICKERING".
SPEAKING DURING THE BUDGET DEBATE IN THE LEGISLATIVE COUNCIL, MR CHENG SAID HONG KONG URGENTLY NEEDED ΤΟ DEVELOP A LONGER-RANGE STRATEGIC PLAN.
IS SIMPLY
"THE MEDIUM RANGE FORECAST PRODUCED BY THE COMPUTER TOO HYPOTHETICAL. HUMAN JUDGMENT AND ASSESSMENT OF WHAT HONG KONG NEEDS AND WHERE WE WANT TO BE IN FUTURE ARE CRUCIAL TO ONGOING SOCIAL AND ECONOMIC PROSPERITY," HE SAID.
MR CHENG SAID STRATEGIC INPUT WAS ALSO IMPORTANT то BUILDING CONFIDENCE WITHIN THE BUSINESS COMMUNITY AS A CRUCIAL PART OF THE OVERALL CONFIDENCE-BUILDING POLICY.
/"CURRENTLY, HONG