10
THURSDAY, JANUARY 24, 1991
IN AIR NOW BEING
SAID THE SAME REGIONAL BIAS WAS EVIDENT OVER 80 PER CENT OF HONG KONG'S AIR TRAFFIC
SIR DAVID TRAVEL,
WITH GENERATED FROM WITHIN THE REGION.
REGION WOULD
NOTED HE
THAT THE INTERNATIONAL CIVIL AVIATION ORGANISATION FORECAST
AIR TRAFFIC GROWTH IN THE ASIAN-PACIFIC THAT EXCEED THAT OF ALL OTHER REGIONS OVER THE NEXT DECADE.
NOT SURPRISING, HE SAID, THAT JAPAN, THAILAND, KOREA, SINGAPORE AND INDONESIA WERE ALL EITHER COMPLETING NEW FACILITIES OR PLANNING TO "THUS A NEW CONSTRUCT NEW AIRPORTS TO CAPTURE THE PREDICTED GROWTH.
A AIRPORT IS BEING BUILT AT OSAKA, WHILE SINGAPORE HAS JUST COMPLETED
IN SECOND AIR TERMINAL AND IS PLANNING TO CONSTRUCT A THIRD RUNWAY.
SECOND AIRPORT FOR AUTHORITIES ARE PLANNING TO BUILD A SEOUL, THE COMMISSIONING WITHIN THE NEXT FIVE YEARS,
++ HE SAID.
AND
"IF WE WERE TO BE COMPLACENT WITH OUR EXISTING FACILITIES IGNORE THE EVIDENCE OF INCREASING CAPACITY CONSTRAINTS, WE WOULD STAND TO LOSE SUBSTANTIAL BUSINESS OPPORTUNITIES.
BUSINESS VISITORS MAKE UP
1.4. KONG, APPROXIMATELY SHOULD WE OVERLOOK THE CENT OF HONG THE POTENTIAL
25
14
ABOUT
PER CENT OF ALL VISITORS TO HONG
LAST BUSINESS PEOPLE MILLION
YEAR. NOR IMPORTANCE OF TOURISM WHICH CONTRIBUTES OVER SEVEN PER ON BE FOOLISH TO TURN OUR BACKS KONG'S GDP. IT WOULD FOR GROWTH IN THIS AREA.
SIR DAVID SAID AN IMPORTANT ELEMENT IN HONG KONG'S TRANSFORMATION WAS ITS CHANGING ECONOMIC RELATIONSHIP WITH PARTICULAR AS A GATEWAY FOR THOSE SEEKING TO DO BUSINESS
VAST COUNTRY.
CHINA IN WITH THAT
HE
CHINA'S ADOPTION OF THE OPEN DOOR POLICY OVER 10 YEARS AGO, SAID, PROVIDED THE OPPORTUNITY FOR HONG KONG'S MANUFACTURERS TO EXPAND INTO
PRODUCTION OFF-SHORE
AND THE RESULTS
BEEN HAD
QUITE
EXTRAORDINARY.
"THEIR
ESTIMATED INVESTMENT,
что TOTAL 11.7 BILLION
EXTERNAL FOR SOME TWO-THIRDS OF DIRECT
CREATED EMPLOYMENT FOR HAVE
BETWEEN 1.5
U.S. INVESTMENT
AND
TWO
DOLLARS, ACCOUNTS IN CHINA. THEY MILLION WORKERS IN GUANGDONG PROVINCE ALONE."
THE HOWEVER,
EQUATION WAS NOT SIMPLY A CASH
HE ONE,
SAID. HONG KONG WORK ROUGHLY
TECHNICAL AND MANAGERIAL STAFF FROM 50,000 ROUTINELY IN CHINA AND THERE WAS A SPREADING OUTWARD FROM HONG kong of CAPITAL, OF TECHNICAL SKILLS, OF MANAGERIAL AND COMMERCIAL KNOW HOW.
HONG
SIR DAVID SAID HONG KONG AND CHINA HAD BECOME EACH OTHER'S OF LARGEST TRADING PARTNER, EACH ACCOUNTING FOR MORE THAN 30 PER CENT THE OTHER'S TOTAL TRADE. CHINA IS THE SECOND LARGEST MARKET FOR KONG PRODUCTS AND THE LARGEST MARKET FOR HONG KONG'S RE-EXPORTS, THAN
CENT OF THE GOODS RE-EXPORTED PER
HONG 80
THROUGH DESTINED FOR, OR ORIGINATED FROM, CHINA.
MORE
KONG ARE
SIR DAVID SAID HONG KONG WAS TO SOUTH CHINA WHAT ROTTERDAM TO CONTINENTAL EUROPE, OR NEW YORK TO THE EAST COAST OF USA.
IS
/"SINCE CHINA