8

WEDNESDAY, OCTOBER 9, 1991

UP TO THE END OF AUGUST, HONG KONG'S LAND BORDER WITH CHINA HAD VARIOUS BEEN CROSSED OVER 23 MILLION TIMES BY PEOPLE MAKING VISITS OF SORTS TO CHINA OR TO HONG KONG.

PERSONAL

CONTACTS

THIS FIGURE SHOWED THAT A VAST NETWORK OF ALREADY EXISTS BETWEEN THIS TERRITORY AND THE MAINLAND OF CHINA.

"IT IS A NATURAL GROWTH. WE WILL ENCOURAGE IT," HE SAID.

IN ADDITION TO THESE HUMAN CONTACTS, SIR DAVID SAID HONG KONG'S BILATERAL TRADE AND INVESTMENT RELATIONS WERE ALREADY EXTENSIVE.

OVER THE PAST DECADE, THE BUSINESS COMMUNITY HAD SEEN THE OPPORTUNITIES PRESENTED BY ECONOMIC REFORM IN CHINA.

HONG KONG INVESTMENT IN NEW MANUFACTURING

PROVINCE AND ELSEWHERE IN CAPACITY IN GUANGDONG SUSTAIN THE TERRITORY'S OWN ECONOMIC GROWTH.

NEW

AND PROCESSING CHINA HAD HELPED

AT

SAME THE

CONTRIBUTED TIME, HE SAID, IT HAD CHINA'S OVERALL DEVELOPMENT.

то

SOUTHERN

BY

MANUFACTURING

AS MANY AS THREE MILLION WORKERS IN GUANGDONG WERE EMPLOYED

FACTORIES: HONG KONG

FOUR TIMES HONG

OWN KONG'S

WORKFORCE.

OVER 80 PER CENT OF THE EXTERNAL INVESTMENT IN GUANGDONG FROM HONG KONG.

CAMB

"WE

NOT SHOULD POPULATION GREATER

ENORMOUS POTENTIAL

ALONE FORGET THAT GUANGDONG PROVINCE

THERE THAN THAT OF BRITAIN OR FRANCE. FOR FURTHER

THE GROWTH IN

HAS REMAINS COMING YEARS," HE

EXPLAINED.

INDEED, SIR

DAVID

SAID, THE

SOUTHERN AREA OF CHINA

WAS

GROWTH

POTENTIALLY ONE OF ASIA'S MOST SIGNIFICANT CENTRES OF ECONOMIC OVER THE NEXT FEW DECADES.

"ACHIEVING THE SMOOTH AND SUCCESSFUL TRANSFER OF SOVEREIGNTY IN 1997 IS A GOAL WORTH EVERY OUNCE OF OUR ABILITY AND EFFORT.

THIS OF

"MEMBERS

COUNCIL WILL HAVE A ROLE TO PLAY

HE SAID. PROCESS AS THEY WILL IN OTHER AREAS OF GOVERNMENT,

"IT WILL NOT BE AN EASY TASK. BUT

PERHAPS OUR GREATEST RESPONSIBILITY

"

MEETING THIS

IN

THIS

CHALLENGE

IS

TO THE PEOPLE OF HONG KONG, I

HE SAID. AM SURE I CAN COUNT ON THIS COUNCIL TO PLAY ITS PART,

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