THURSDAY, MARCH 14, 1991
INVESTMENT IN THE MANUFACTURING SECTOR ALONE WAS VALUED AT $4.6
MARING MARKS)
THE RC THE BILLION (OR ROUGHLY 830 MILLION DEUTSCHE
THIS VITAL AREA, HE THIRD LARGEST SOURCE OF OVERSEAS INVESTMENT IN SAID.
OF POLITICAL
HONG KONG AND EUROPE WERE BOTH IN AN ENVIRONMENT AND ECONOMIC CHANGE THAT WOULD OPEN UP NEW DOORS TO PROSPERITY.
THE END "THE CREATION OF A SINGLE, UNIFIED EUROPEAN MARKET AT OF 1992 WILL HERALD SIGNIFICANT PROSPECTS FOR FURTHER ECONOMIC GROWTH. "THE CHANGES TAKING PLACE IN CENTRAL AND EASTERN EUROPE AND THE ONGOING DISCUSSIONS ABOUT GREATER EUROPEAN INTEGRATION ARE POTENTIALLY EVEN MORE EXCITING IN THE LONGER TERM,
"
HE SAID.
"THERE WILL BE FEW PLACES WITHIN THE EUROPEAN MY MESSAGE WILL BE CLEARER THAN IN THE FEDERAL REPUBLIC HE SAID.
ו
COMMUNITY WHERE
OF GERMANY,
EUROPE, WITH
IT WAS THE LARGEST MARKET FOR HONG KONG GOODS IN EXPORTS IN 1990 TOTALLING 3.6 BILLION DM.
IN
4.3 HONG KONG HANDLED ADDITION, RE-EXPORTS OF CHINESE GOODS TO GERMANY LAST YEAR.
BIT IT WAS NOT ONE-WAY TRADE.
DM BILLION
WORTH OF
1990 WERE GERMAN EXPORTS TO HONG KONG IN BILLION DM, PLUS A FURTHER 550 MILLION DM EXPORTED HONG KONG.
VALUED AT SOME
TO CHINA THROUGH
3
GERMAN EXPORTS
"THERE IS MUCH POTENTIAL FOR FURTHER GROWTH IN
AREAS OF COMMUNICATIONS TO HONG KONG AND CHINA, PARTICULARLY IN THE
MR CHAN SAID. EQUIPMENT AND OTHER HIGH TECHNOLOGY PRODUCTS,
EAST AND "I ALSO BELIEVE THAT, WITH THE FORMAL UNIFICATION OF
CONSUMER GOODS CAN BE WEST GERMANY IN OCTOBER 1990, THE DEMAND FOR EXPECTED TO INCREASE SIGNIFICANTLY, OPENING UP NEW AREAS OF TRADE INVESTMENT," HE ADDED.
PARTNER
BUSINESS THE
OF THE RECOGNITION
AND
FOR BUSINESS
HE SAID THE CHOICE OF HONG KONG AS
СЕВІТ THIS YEAR'S
WAS A FITTING OPPORTUNITIES WHICH EXISTED BETWEEN EUROPE AND ASIA-PACIFIC GENERALLY,
AND OF GERMANY
HONG KONG IN AND BETWEEN
FEDERAL REPUBLIC THE
FACING "THE CHALLENGE MAXIMISE THESE OPPORTUNITIES. CHALLENGE," MR CHAN SAID.
PARTICULAR.
COMMUNITIES OUR BUSINESS
SURE THEY WELL RISE I AM
IS HOW TO THE TO
NEW
HE SAID ITS TRADING AND
ON HONG KONG'S ECONOMIC RELATIONSHIP WITH CHINA, RAPID DEVELOPMENT HAD OFFERED HONG KONG BUSINESSMEN INVESTMENT OPPORTUNITIES WHICH THEY QUICKLY SEIZED.
"TODAY, HONG KONG IS THE
MOST IMPORTANT SOURCE OF EXTERNAL THE TOTAL TO 70 PER CENT OF AND THE AMOUNT INVESTED,
HE
INVESTMENT IN CHINA, ACCOUNTING FOR 60 IN TERMS OF BOTH THE NUMBER OF VENTURES SAID.
/"COUPLED WITH