XN000022-1987-11-24 — Page 2

TUESDAY, NOVEMBER 24, 1987

HK WELL EQUIPPED AS TRADE, FINANCE CENTRE

IS WELL HONG KONG

EQUIPPED AS AN IMPORTANT REGIONAL

ACTIVITIES, INTERNATIONAL CENTRE IN TRADE, FINANCE AND OTHER ECONOMIC

MR MICHARL THOMAS, SAID TODAY (TUESDAY) THE ATTORNEY GENERAL, PARIS.

AND

IN

THE ROTHSCHILDS BANK

HE WAS ADDRESSING A LUNCHBON MEETING OF ON THE LAST DAY OF HIS OFFICIAL VISIT TO NEW YORK, BOSTON, LONDON PARIS.

MR THOMAS SAID THAT IN

AND

DECADES, RECENT

HONG KONG'8

ECONOMY

HAD SURGED AHEAD, TO THE ENVY OF THE WORLD.

"ITS GDP HAS GROWN BY AN AVERAGE OF NEARLY YEAR FOR THE PAST 20 YEARS WHICH IS REMARKABLE BY SAID.

"OUR

PER

CAPITA

GRO99

DOMESTIC

PRODUCT

EIGHT PER CENT A ANY STANDARD, HE

STANDS

AT

ABOUT

US$6,800. WE ARE SECOND ONLY TO JAPAN IN THE SOUTHEAST ASIA REGION.

"HONG KONG IS ALSO DEVELOPING A TRULY WITH ITS MAINLAND NEIGHBOUR," HE SAID.

SYMBIOTIC

RELATIONSHIP

THE

THE TERRITORY NOW PLAYED AN INCREASINGLY IMPORTANT ROLE IN AMBITIOUS PROGRAMMES OF ECONOMIC MODERNISATION BEING PURSUED IN CHINA, HE SAID.

HONG KONG AND CHINA HAS "THE TOTAL VOLUME OF TRADE BETWEEN

VALUE OF INCREASED MORE THAN FIVE-FOLD IN LESS THAN 10 YEARS AND THE

THE SAMB PERIOD, MR THOMAS THE ENTREPOT TRADE HAS TREBLED DURING SAID.

THAT HONG KONG HE POINTED OUT INVESTMENT IN CHINA'S SPECIAL ECONOMIC ZONES,

WAS THE

LARGEST

SOURCE

OF

"HONG KONG IS ALSO A VALUABLE SOURCE OF SERVICES AND OF WHICH CHINA IS MAKING EXTENSIVE USE IN ITS MODERNISATION AND PARTICULARLY MANAGEMENT SKILLS, MR THOMAS SAID,

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EXPERTISE PROGRAMME

ΤΟ

HONG KONG HONG KONG'S MANAGERIAL

HE NOTED THAT MANY CHINESE VISITORS HAD COME TO ATTEND SEMINARS, TO DO BUSINESS AND TO STUDY TECHNIQUES.

TRANSPORT AND THE THAT HONG

"HONG KONG'S EFFICIENT POST, TELECOMMUNICATIONS, AIR AND BANKING FACILITIES, COMBINED WITH GEOGRAPHICAL PROXIMITY ABSENCE OF A SIGNIFICANT LANGUAGE BARRIER HAVE ALL MEANT

CHINA'S ECONOMIC RELATIONS WITH KONG'S ATTRACTION AS A CONDUIT FOR THE OUTSIDE WORLD HAVE CONTINUED TO GROW, EVEN AS DIRECT LINKS WITH OTHER COUNTRIES," MR THOMAS SAID.

CHINA ESTABLISHES

MR THOMAS WILL BE RETURNING TO HONG KONG TOMORROW (WEDNESDAY).

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