2
TUESDAY, JANUARY 21, 1992
"IT
THE DEVELOPING
IS FUELLING A MASSIVE ECONOMIC EXPANSION. ECONOMIES OF THE ASIA-PACIFIC REGION - THE REGION OF WHICH HONG I THE HUB ARE NOW THE FASTEST GROWING IN THE WORLD.
w
KONG
GROWTH THE
"OVER THE NEXT DECADE, THEY ARE LIKELY TO HAVE AVERAGE RATES ABOUT DOUBLE THOSE OF EUROPE, NORTH AMERICA AND EVEN JAPAN, GOVERNOR SAID.
THE GOVERNOR POINTED OUT THAT HONG KONG'S PAST ECONOMIC SUCCESS NORTH HAD BEEN BASED ON THE RAPID EXPANSION OF TRADE WITH EUROPE AND AMERICA.
TRADE WITH OUR THE GOVERNOR
"BUT THIS IS CHANGING. IT IS INCREASINGLY NEIGHBOURS IN ASIA WHICH GIVES OUR ECONOMY ITS DYNAMISM, SAID.
OUT THAT POINTED
BY TRADE WITH
HONG
KONG'S
SIR DAVID NEIGHBOURS, IT MEANT NOT ONLY THE TRADING NATIONS OF SOUTHEAST ASIA BUT ALSO CHINA.
CHINA USED TO BE CALLED A SLEEPING GIANT AND WOKEN UP, THE GOVERNOR SAID.
THE GIANT HAD
SINCE THE FOUR MODERNISATIONS AND THE INTRODUCTION OF AN DOOR POLICY" IN THE LATE 1970S, THE CHINESE ECONOMY HAD EXPANDED AND THIS HAD HAD A MAJOR INFLUENCE ON THE DEVELOPMENT OF HONG ECONOMY, HE SAID.
"OPEN
FAST
KONG'S
CITING FIGURES TO ILLUSTRATE THE CLOSE TRADING LINKS HONG
THE BEST HONG KONG WAS A BRIDGE HAD WITH CHINA, SIR DAVID SAID BRIDGE INTO CHINA.
KONG
-
TO OUR
KNOW-HOW
AND
"THE TRANSFER OF SOVEREIGNTY IN 1997 IS NOT A THREAT ECONOMY. ON THE CONTRARY, IT SHOULD PROVIDE GREATER OPPORTUNITIES FOR DEVELOPING A PRODUCTIVE RELATIONSHIP BETWEEN HONG KONG CHINA'S RESOURCES AND MANPOWER.
"THIS ECONOMIC MOMENTUM WILL, I HOPE, HELP TO CARRY US MANY OF THE DIFFICULTIES WHICH WILL INEVITABLY SURROUND THE OF SOVEREIGNTY IN 1997," THE GOVERNOR SAID.
THROUGH TRANSFER
HK NEEDS INT'L BUSINESS AND ECONOMIC INVOLVEMENT: GOVERNOR
*
SPOKE OF THE HONG KONG REALISES
THE GOVERNOR, SIR DAVID WILSON, TODAY (TUESDAY) PART INTERNATIONAL BUSINESS CAN PLAY IN ENSURING ITS FULL POTENTIAL AND OPPORTUNITIES AS A WORLD CENTRE OF TRADE.
AFFAIRS IN BONN, GENERATED FOREIGN AND IF IT WAS A
SPEAKING TO THE GERMAN SOCIETY FOR FOREIGN SIR DAVID SAID HONG KONG WAS A HELP TO CHINA IF IT EXCHANGE, WAS A SOURCE OF MODERNISATION FOR CHINA GOOD POINT OF CONTACT BETWEEN CHINA AND THE OUTSIDE WORLD.
/"IF IT'S