XN000022-1987-10-28 — Page 20

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"IT IS GOOD TO SEE THAT WORK FORCE HAS BEEN APPROPRIATELY RISING REAL WAGES," HE SAID.

WITH

OUR REWARDED,

"OUR

POPULATION, NOW

WEDNESDAY, OCTOBER 28, 1987

ECONOMY

THE

AND

OPEN MARKET

BY HIGH EMPLOYMENT

SOME FIVE

A AND

HALF MILLION, STEADILY IMPROVING STANDARD

IS

INCREASINGLY WELL EDUCATED AND ENJOYS A OF LIVING," HE WENT ON.

TO CREATE THE NECESSARY COULD

THE GOVERNMENT'S ROLE, HE SAID, WAS ENVIRONMENT AND INFRASTRUCTURE IN WHICH BUSINESS AND INITIATIVE FLOURISH.

IN DESCRIBING HONG KONG'S RISE AS A ALSO EMPHASISED ITS RE-EMERGENCE AS AN ENTREPOT FOR CHINA.

"OUR RE-EXPORTS TO

HAVE CHINA

WORLD TRADER, SIR DAVID

GROWTH OF

HE SAID.

SUSTAINED GROWTH

POSITION ITS

SHOWS JUST HOW AS THE GATEWAY TO

SHOWN AN AVERAGE NEARLY 100 PER CENT A YEAR FOR THE LAST EIGHT YEARS,

"THAT REMARKABLE FIGURE OF MUCH HONG KONG IS RE-ESTABLISHING CHINA.

"

REFERRING TO STRONG

ECONOMIC GROWTH,

SIR

DAVID ALSO NOTED

THAT SINCE 1984 INVESTMENT IN INDUSTRIAL MACHINERY HAD GROWN BY 15 PER REAL TERMS AND INVESTMENT IN PROPERTY WAS BEING CENT A YEAR IN MAINTAINED AT A HIGH LEVEL. THIS YEAR ALONE, TRADE WAS UP 39 PER CENT.

HARBOUR TUNNEL AND THE THE PRIVATE LIGHT RAIL TRANSIT SYSTEM WERE BEING BUILT AND FUNDED BY SECTOR.

HE POINTED OUT THAT THE SECOND CROSS

"MANY OF THESE INVESTMENTS ONLY OFFER A SIGNIFICANT RETURN OVER

REFLECTS CONFIDENCE CLEARLY

IN THE FUTURE THE LONGER TERM, WHICH

FUTURE OF HONG AND IN THE

KONG, " PERFORMANCE OF THE ECONOMY

SAID.

——

FROM INVESTMENT

HE

OVERSEAS. "IN MORE THAN

SIR DAVID REFERRED TO GROWING 1986 OUR INDUSTRIAL INVESTMENT FROM OVERSEAS INCREASED BY 70 PER CENT OVER 1985, HE SAID.

**

INVESTING HE ALSO OUTLINED THE GOVERNMENT'S FIRM COMMITMENT TO

THE THIRD UNIVERSITY AND IN THE FUTURE, REFERRING IN PARTICULAR TO

TRANSPORT AND EXPANSION OF THE CONTAINER PORT AS WELL AS TO HOUSING, MEDICAL AND WELFARE SERVICES PROJECTS.

MADE IN

IMPLEMENTING

THE

OF BOTH THE BRITISH "AND FUTURE HONG KONG SPECIAL THE VITAL INGREDIENTS

GOOD PROGRESS SIR DAVID SAID THE JOINT DECLARATION ILLUSTRATED THE RESOLVE CHINESE GOVERNMENTS TO MAKE SURE THAT THE ADMINISTRATIVE REGION WOULD RETAIN AFTER 1997 WITCH HAD MADE THE TERRITORY SO SUCCESSFUL.

/CONCLUDING HIS

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