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THURSDAY, MAY 10, 1990
NOT
SIR DAVID SAID INTERNATIONAL CONFERENCES HELD IN HONG KONG ONLY BENEFITTED OUR GENERAL TOURISM RELATED TRADES, THEY ALSO BROUGHT TOGETHER EXPERTS FROM ALL OVER THE WORLI IN A VARIETY OF FIELDS.
"OUR OWN EXPERTS IN HONG KONG BENEFIT GREATLY FROM PARTICIPATION IN SUCH CONFERENCES AND THE INTERCHANGE OF IDEAS WHICH THEY CREATE, HE SAID.
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THE CHIEF SECRETARY POINTED OUT THAT PERHAPS LESS OBVIOUSLY, BUT EQUALLY IMPORTANTLY, THOSE LEADING BUSINESSMEN, PROFESSIONALS AND EXPERTS FROM ALL OVER THE WORLD WHO CAME TO HONG KONG FOR SUCH CONFERENCES WERE INEVITABLY IMPRESSED BY WHAT THEY SAW HERE.
"ON RETURN TO THEIR HOME COUNTRIES THEY ARE IN A POSITION то CORRECT SOME OF THE MORE COMMON MISCONCEPTIONS HELD ABOUT HONG KONG WHICH ARE ALL TOO OFTEN PERPETUATED BY THE OVERSEAS PRESS.
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HE POINTED OUT THAT IN THE YEARS ΤΟ COME, AN INFORMED AND SYMPATHETIC INTERNATIONAL COMMUNITY WOULD UNDOUBTEDLY BE AN ADVANTAGE TO US AND WHAT HAPPENED IN HONG KONG SHOULD MATTER TO THE REST OF WORLD.
"BUT IT WILL ONLY MATTER, IF THE REST OF THE WORLD US AND KNOWS WHY WE ARE IMPORTANT.
THE
UNDERSTANDS
"THE HOSTING OF INTERNATIONAL CONFERENCES IN HONG KONG HAS AN IMPORTANT ROLE IN STRENGTHENING OUR POSITION AS A TRULY INTERNATIONAL CITY AND IN PASSING ON THE WORD TO THE INTERNATIONAL COMMUNITY HOW IMPORTANT IT IS THAT WE CONTINUE TO THRIVE SIR DAVID SAID.
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FEBRUARY PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE
THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 6 PER CENT, WHILE THAT OF RE-EXPORTS GREW BY 3 PER CENT IN THE FIRST TWO MONTHS OF 1990 AS COMPARED WITH THE SAME PERIOD IN 1989, ACCORDING TO THE STATISTICS RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
OF 1 PER TAKING THEM TOGETHER, THERE WAS AN OVERALL DECREASE
PER CENT CENT IN THE VOLUME OF TOTAL EXPORTS. IMPORTS DECREASED BY 3 IN VOLUME TERMS.
THE GROWTH IN THE VOLUME OF TRADE IS DERIVED FROM THE GROWTH IN TRADE VALUES, HAVING DISCOUNTED THE EFFECT OF PRICE CHANGES.
AS REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON,
CENT AND THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 2 PER
3 PER CENT. 5 PER CENT RESPECTIVELY, WHILE THOSE OF IMPORTS ROSE BY
OF TOTAL AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO EXPORT PRICE INDEX TO IMPORT PRICE INDEX) INCREASED BY 1 PER CENT.
/PRICES ARE