3
FRIDAY, MAY 24, 1991
SIR DAVID SAID NEXT YEAR, IT WOULD BE HONG KONG'S TURN TO SOMETHING OF HONG KONG ACROSS THE PACIFIC TO CANADIAN CITIES.
TAKE
THIS
IT EXCHANGE.
WILL STRENGTHEN "WE LOOK FORWARD TO ALREADY CLOSE RELATIONSHIP BETWEEN OUR TWO COMMUNITIES.
THE
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"IT WILL PROVIDE INTEREST AND ENJOYMENT FOR OUR CITIZENS, GOVERNOR SAID.
THE
0
GOVT INTENDS TO SET UP TRADE OFFICE IN CANADA
OF
THE CANADIAN IN TORONTO OFFICE, A GOVERNMENT
WITH FORMALITIES SUBJECT TO THE COMPLETION GOVERNMENT, THE HONG KONG GOVERNMENT INTENDS TO ESTABLISH LATER THIS YEAR A HONG KONG ECONOMIC AND TRADE SPOKESMAN ANNOUNCED TODAY (FRIDAY).
REPRESENT THE HONG KONG CANADA. IT WOULD
THE SPOKESMAN SAID THE OFFICE WOULD GOVERNMENT IN CONDUCTING COMMERCIAL RELATIONS WITH ALSO BE RESPONSIBLE FOR INDUSTRIAL PROMOTION AND PUBLIC RELATIONS,
ECONOMIC SITUATION IN THE FIRST QUARTER OF 1991 AND UPDATED FORECASTS OF ODP AND PRICES FOR 1991
THE FOLLOWING
ACCORDING
PICK-UP IN THE FOURTH QUARTER OF 1990, THE CONTINUED TO IMPROVE IN THE FIRST QUARTER OF 1991, ECONOMY TO THE FIRST QUARTER ECONOMIC REPORT PUBLISHED TODAY (FRIDAY).
THE GROWTH IN RE-EXPORTS REMAINED ROBUST, WHILE DOMESTIC EXPORTS SHOWED A MODEST INCREASE, THE REPORT NOTED.
CONSUMPTION
SIGNS
OF
LOCALLY, INVESTMENT DEMAND STRENGTHENED, ALTHOUGH DEMAND WAS
THE LABOUR MARKET SHOWED SOME STILL MODERATE. EASING BUT THE RATE OF INFLATION REMAINED HIGH, THE REPORT SAID.
LOCAL INFLATIONARY PRESSURES INTENSIFIED DURING THE FIRST
PROPERTY PRICES, MONTHS OF 1991, LARGELY DUE TO RECENT INCREASES IN PUBLIC TRANSPORT FARES AND PISCAL LEVIES,
FOUR
TODAY, 1990.
THE CONSUMER PRICE INDICES FOR APRIL 1991, WHICH WERE SHOWED THAT THE CPI(A) ROSE BY 13.9% OVER THE SAME
RELEASED MONTH IN
GOVERNMENT
BEEN KEEPING A CONCERNED AT
THE ON THE RATE OF INFLATION IN APRIL, COMMENTING
MR KY TANG, SAID: "THE GOVERNMENT HAS ECONOMIST, CLOSE WATCH OVER THE INFLATION SITUATION AND IS DEEPLY THE ACCELERATING TREND.
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