XN000022-1989-09-27 — Page 7

6

WEDNESDAY, SEPTEMBER 27, 198

SHE NOTED,

HOWEVER, THAT

VARIOUS

SOURCES MOST OF THE INCLUDING THOSE INVOLVING

FEEDBACK FROM INDICATED THAT THREE MONTHS AFTER THE TIANANMEN EVENTS, REGULAR BUSINESS ACTIVITIES IN HONG KONG, CHINA. HAD RETURNED TO NORMAL.

OUT SHE POINTED

LED MANY TO QUESTION

THAT THE BASIC THE

TURMOIL RECENT ASSUMPTIONS

IN CHINA HAD

THE UNDERLYING

JOINT

DECLARATION AND THUS THE BASIC LAW.

H

THERE

KNOCK AND IT WOULD OF THE BRITISH HONG KONG GOVERNMENT то

THAT SHE SAID. ADDING "THIS HAS TO DO WITH CONFIDENCE, WAS NO DOUBT THAT CONFIDENCE HAD TAKEN A SEVERE TAKE TIME AND SUSTAINED TANGIBLE EFFORTS ON THE PART GOVERNMENT, THE CHINESE GOVERNMENT AND THE RESTORE IT.

HOWEVER, FOR NOW OUR ECONOMY APPEARED

ΤΟ HAVE WEATHERED THE

IMMEDIATE STORM RATHER BETTER THAN MANY WOULD HAVE EXPECTED, SHE SAID.

"WE ARE SLOWLY

COMING

OUT

OF

THE

INITIAL

DOOM AND GLOOM

14

SCENARIO, SHE ADDED.

AT PRESENT FOLLOWING "WHATEVER THE DIFFICULTIES FACING CHINA

ECONOMICALLY IT THE TIA ANMEN EVENTS, ITS LEADERS HAVE STRESSED THAT

EVEN HAS EMBARKED ON A COURSE FROM WHICH THERE CAN BE NO TURNING BACK IF THE PACE IS AT TIMES BUMPY.

"CHINA'S CURRENT AUSTERITY MEASURES WILL PROBABLY TAKE TIME TO

OBJECTIVES OF RESTRAINING

WORK THROUGH IN ORDER TO MEET THE AND CONTAINING INFLATION." SHE NOTED.

DEMAND

"MEASURES CAN ALSO BE EXPECTED FROM THE CHINESE AUTHORITIES ECONOMISE ON THE USE OF FOREIGN EXCHANGE.

ΤΟ

"TUS IN SHORT TERM SOME CONSOLIDATION IN IN CHINA SEEMS LIKELY," SHE SAID.

DEMAND FOR IMPORTS

STILL POSSESSED A VAST MARKET HOWEVER, THE CHINA POTENTIA., WHICH MUST BE PROGESSIVELY UNLEASHED TO THE SHE SAID.

UNTAPPED OUTSIDE WORLD,

"ON CHINA'S PART. CONTINUED ACCESS TO

IS CLEARLY OVERSEAS TECHNOLOGIES FROM DEVELOPMENT NEEDS.

DESIRABLE

FOR

PRODUCTS, SERVICES AND ITS MEETING

"OPERATING BETWEEN FOREIGN

SUPPLIERS

FI

AND INVESTORS AND

WE CAN HONG KONG'S SHE ADDED.

THE OFFER

ROLE

CHINESE GOVERNMENT AND BUSINESS ENTITIES AND WITH WHAT

EXPERTISE, BY WAY OF RESOURCES AND BUSINESS ESPECIALLY FOR SOUTHERN CHINA COULD BE PIVOTAL,

TURNING TO WHAT HONG KONG SHOULD DO TO FACILITATE CHINA'S

INFRASTRUCTURE DOOR POLICIES, MRS CHAN SAID THAT HONG KONG'S

GENERATED BY BOTH REMAIN CAPABLE OF HANDLING THE TRAFFIC FLOWS OWN ECONOMIC ACTIVITIES AND BY ITS GROWING TRADE WITH CHINA.

OPEN

MUST

ITS

/"THE HONG