THURSDAY, MAY 20, 1993
"THIS CLOSE ECONOMIC RELATIONSHIP HAS COME ABOUT LARGELY IN A FORCES NATURAL, SPONTANEOUS, AND UNPLANNED FASHION AND THROUGH MARKET
HE SAID. WITHOUT PROMPTING BY THE HONG KONG GOVERNMENT,
++
THAT TURNING TO THE PACIFIC RIM, THE FINANCIAL SECRETARY NOTED
ASIA LOOKED AS DOMESTIC INVESTMENT AND CONSUMER SPENDING INCREASED, POISED FOR CONTINUED RAPID GROWTH.
ASIA HAD OVERTAKEN THE EC TO BECOME THE LARGEST MARKET FOR U.S.
EXPORTS,
30 WITH ITS SHARE RISING FROM 20 PER CENT IN 1980 TO ALMOST
THIS HOPEFULLY
FACT MIGHT HE TODAY,
SAID, ADDING THAT
PER CENT GRADUALLY HELP TO BLUNT PROTECTIONIST PRESSURES.
ON HONG KONG'S TRADE WITH THE NORDIC COUNTRIES, MR MACLEOD SAID THE NORDIC THE LATEST STATISTICS SHOWED THAT ON A PER CAPITA BASIS, COUNTRIES IMPORTED ABOUT ONE AND A HALF TIMES MORE FROM HONG KONG THAN DID THE EC AND JAPAN.
AND
KONG HONG
IMPORTED
TIMES FOUR
MORE FROM THE NORDIC
COUNTRIES THAN DID THE U.S. AND JAPAN, HE ADDED.
REASONS FOR HONG INFRASTRUCTURE OF ALL
CONCLUDING, MR MACLEOD SAID ONE OF THE KEY KONG'S SUCCESS WAS ITS READINESS TO INVEST IN SORTS, WHETHER BY THE PRIVATE OR THE PUBLIC SECTOR.
—
SPENDING MONEY ON A "I
SEE THIS AS A CONTINUING VITAL ROLE NEW CONTAINER PORT, ON ROUTE 3, ON EXTENDING THE CONVENTION CENTRE
AND OF COURSE ON A NEW AIRPORT OR ON A NEW INDUSTRIAL ESTATE ARE ALL VITAL INVESTMENTS IN OUR FUTURE GROWTH AND WELLBEING THE FUTURE SUCCESS OF COMPANIES SUCH AS THOSE PRESENTED HERE.
"WE
ARE
AS JUST
-
COMMITTED
ΤΟ
THESE
-
AND
IN
INFRASTRUCTURAL
CONTINUING INVESTMENT AS WE ARE TO A LOW AND PREDICTABLE TAX REGIME,
11
HE SAID.
AIR TRAFFIC TO BENEFIT FROM CHINA FLIGHT LEVEL ASSIGNMENT CHANGE
* *
HONG KONG'S FLIGHT
MOVEMENTS
REQUIRING
PASSAGE
THROUGH THE CHANGE IN
AIRSPACE OVER CHINA WILL SOON BENEFIT SUBSTANTIALLY FROM A FLIGHT LEVEL ASSIGNMENT IN CHINA FROM MID-OCTOBER THIS YEAR.
OF CHINA (CAAC) ADMINISTRATION THE CIVIL AVIATION
LEVEL FLIGHT OF ALLOCATING SYSTEM ANNOUNCED THAT THE CHINESE AIRSPACE WILL BE CHANGED BEGINNING AT 1600 HOURS UNIVERSAL TIME ON THURSDAY, OCTOBER 14 (HONG FRIDAY, OCTOBER 15).
THE CHANGE WILL GREATLY
AIRSPACE.
CAPACITY IN
CHINESE THE
FLIGHTS CAN BE ACCOMMODATED.
HAS
THE
WITHIN CO-ORDINATED KONG TIME MIDNIGHT ON
ENHANCE
POTENTIALLY
50
TOTAL TRAFFIC HANDLING PER CEN'T MORE
/CONSEQUENT ON