XN000022-1989-02-19 — Page 3

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SUNDAY, FEBRUARY 19, 1989

WAS REGION

BEING

OF THE POWER SIR DAVID SAID THE EMERGING REFLECTED IN THE STRUCTURE OF HONG KONG'S OWN ECONOMY.

REDUCE ITS "OVER THE PAST FEW YEARS, HONG KONG HAS MANAGED TO THE UNITED

EUROPEAN STATES

WESTERN AND TRADITIONAL DEPENDENCE ON MARKETS AND INCREASE ITS TRADE WITH THE ASIA-PACIFIC REGION," HE SAID.

60

CENT IN THE TRADE WITH THE REGION HAD RISEN BY NEARLY 40 PER FIRST 10 MONTHS OF 1988 TO OVER US$60 BILLION, REPRESENTING ALMOST PER CENT OF THE TERRITORY'S TOTAL TRADE.

THE GOVERNOR NOTED THAT A MAJOR FACTOR IN THIS CHANGE WAS KONG'S CLOSEST NEIGHBOUR, THE PEOPLE'S REPUBLIC OF CHINA.

HONG

TERRITORY WAS CHINA'S LARGEST HE POINTED OUT THAT THIS TINY

FOREIGN INVESTMENT TRADING PARTNER AND THE LARGEST SOURCE OF DIRECT

HONG KONG INCREASED 19 IN CHINA. BILATERAL TRADE BETWEEN CHINA AND TIMES BETWEEN 1978 AND 1987.

THE

REASONS

FOR

THIS

IMPLICATIONS WERE IMMENSELY SIGNIFICANT FOR

HE SAID

WHOLE REGION.

AND THE WERE OBVIOUS,

HONG KONG AND FOR THE

IN LIES

ITS ROLE AS A BRIDGE "HONG KONG'S FUTURE CLEARLY

POTENTIAL BETWEEN CHINA AND THE REST OF THE WORLD, GIVEN THE ENORMOUS OF THE CHINESE ECONOMY, THAT IS AN EXCITING PROSPECT. BUT THE REST THE REGION CAN BENEFIT TOO,'

OF

KONG.

SIR DAVID SAID THERE WAS NO BETTER DOORWAY TO CHINA

THAN HONG

"NOWHERE IS THERE MORE KNOWLEDGE AND EXPERIENCE OF HOW TO TRADE WITH THAT VAST AND DIVERSE COUNTRY,

HE ADDED.

THE GOVERNOR PREDICTED THAT THE PACIFIC RIM, WITH HONG KONG

FUTURE OF CHANGE AND A KEY PART OF IT, FACED A BRIGHT AND EXCITING EXPANSION.

AS

RESIDENTS PLAY PROMINENT PART IN FIGHT AGAINST CRIME

*

*

MEMBERS OF THE PUBLIC ARE

INCREASINGLY PROMINENT CITIZENS' ARRESTS

1988

AN PLAYING

IN AND CRIME. ROLE IN THE RECORDED 13.6 PER CENT OF ALL ARRESTS.

FIGHT AGAINST

THIS WAS SAID BY THE SENJOR MEMBER OF THE

F

LEGISLATIVE COUNCIL COMMERCE, G ALLEN

AND CHAIRMAN OF THE HONG KONG GENERAL CHAMBER OF LEE, AT THE GOOD CITIZEN AWARD PRESENTATION CEREMONY TODAY (SUNDAY) TO HONOUR 43 PEOPLE WHO HAVE BRAVELY HELPED THE DETECT CRIME,

POLICE TO PREVENT AND

/ALSO OFFICIATING