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The "Hong Kong Live" festival kicked off with a dragon dance followed by a non-stop variety show with the best and brightest artistes from Television Broadcasts
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The booths for "Hong Kong Live" will be running from June 11 to 16 featuring the myriad attractions that Hong Kong has to offer, including cuisine, art and famous Hong Kong sights.
Mrs Chan will travel on Wednesday (June 12) to Washington DC where she will meet with US Administration officials and Congressmen to build on the Governor's visit to Washington in May and to further lobby for the unconditional renewal of China's MFN status.
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Steady recovery of economic growth in HK forecast
After achieving a soft landing in 1995, as forecast last year, the economies of the Pacific Region will exhibit faster economic growth in 1996 and 1997 while inflation continues to steadily decrease, according to the 1996-1997 Pacific Economic Outlook (PEO) released today (Wednesday) by the Pacific Economic Cooperation Council (PECC).
PEO, one of the projects of PECC, is a forecast of 20 Pacific Rim economies.
Hong Kong Forecaster for PEO, Mr K C Kwok, and Chief Economist for NE Asia of Standard Chartered Bank, said the Pacific region as a whole experienced a mild slowdown in growth in 1995 following a strong 1994.
He said monetary policies were tightened in many economies to engineer a moderate cooling off. As a result, a soft landing was achieved, laying the ground for a gradual recovery in 1996 and 1997.
However, given the diversity of the region, economic conditions in each economy clearly differ from one another.
PẸO attributed the economic recovery in the region to three forces: the expansion of private plant and equipment investment, rapid growth of international trade, and the implementation of economic reform.