FRIDAY, DECEMBER 11, 1992
IF THERE WERE
PROPOSALS WHICH LINE, WHICH WAS
HE EMPHASISED THAT
OTHER ACHIEVED WHAT THE GOVERNMENT REGARDED AS THE BOTTOM TO HAVE AN ELECTORAL SYSTEM FOR 1994/95 THAT WAS OPEN, FAIR AND ACCEPTABLE TO THE PEOPLE OF HONG KONG, THE GOVERNMENT WOULD CONSIDER THEM SERIOUSLY.
HE SAID NOTHING WOULD BE MORE HARMFUL TO SOCIAL STABILITY AND THEREFORE ECONOMIC PROSPERITY THEN TO BLOCK OFF OR RESIST THE VERY REASONABLE AMBITIONS OF THE COMMUNITY TO PLAY A GREATER PART IN THE MANAGEMENT OF PUBLIC AFFAIRS.
..
"STANDING STILL IS NOT AN OPTION, MR SZE ADDED.
HK THRIVES ON SOUND ECONOMIC POLICIES
* * * *
THE SECRETARY FOR ECONOMIC SERVICES, MRS ANSON CHAN, TODAY (FRIDAY) STRESSED THAT HONG KONG HAD A SOLID RECORD OF ACHIEVEMENTS AND BOUND ECONOMIC POLICIES THAT SHOULD SERVE ITS PEOPLE WELL, IN FUTURE.
THE
OF
SPEAKING AT THE GRADUATION CEREMONY OF THE HANG SENG SCHOOL COMMERCE, SHE SAID: "OUR ECONOMIC FUNDAMENTALS ARE STRONG AS JUDGED BY THE INDICATORS ON EXTERNAL TRADE, ON LOCAL CONSUMPTION, RETAIL SALES, EMPLOYMENT AND INVESTMENTS.
"ALL POINT TO SUSTAINED ECONOMIC GROWTH WHICH SHOULD REACH FIVE PER CENT IN REAL TERMS IN THE SHORT TO MEDIUM TERM.
"
SHE SAJD IN THE NEXT FIVE YEARS, THE GOVERNMENT WOULD BE INVESTING HEAVILY IN PHYSICAL INFRASTRUCTURE, PORT, AIRPORT AND ROAD NETWORK TO ENSURE THAT THE TERRITORY COULD CONTINUE TO GROW.
EVEN SO, SHE SAID, SPENDING ON AIRPORT-RELATED PROJECTS WOULD ONLY REPRESENT ABOUT 25 PER CENT OF TOTAL GOVERNMENT SPENDING ON CAPITAL WORKS BETWEEN 1992/93 TO 1996/97.
"WE WILL IN ADDITION BE SPENDING $78 BILLION ON OTHER CAPITAL WORKS INCLUDING ROADS, HOUSING, COMMUNITY FACILITIES AND NEW TOWN
INFRASTRUCTURE.
"WE ALSO HAVE AN AMBITIOUS PROGRAMME ΤΟ IMPROVE OUR ENVIRONMENT, OUR HEALTH, SOCIAL AND EDUCATIONAL FACILITIES.
"ALL THESE PROGRAMMES STRETCH WELL BEYOND 1997 ++ SHE SAID.
GIVING AN OVERVIEW OF HONG KONG'S ECONOMY, MRS CHAN SAID KONG'S ECONOMY HAD MORE THAN QUADRUPLED IN SIZE OVER THE PAST DECADES WITH GDP GROWING AT AN AVERAGE ANNUAL RATE OF ABOUT EIGHT CENT IN REAL TERMS WHILE LOCAL WORKFORCE CONTINUED TO ENJOY EMPLOYMENT AND RISING INCOMES.
HONG
TWO
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FULL
/"OUR PER