XN000022-1990-08-02 — Page 4

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THURSDAY, AUGUST 2, 1990

HK'S ATTRIBUTES AS TRADING, FINANCIAL, SERVICES CENTRE OUTLINED

CERTAINLY CHAN,

HONG KONG AND SINGAPORE ARE COMPETITORS BUT THEY ARE NOT ALTERNATIVES, THE SECRETARY FOR TRADE AND INDUSTRY, MR JOHN SAID TODAY (THURSDAY).

SPEAKING AT THE HONG KONG INVESTMENT SEMINAR HELD IN SINGAPORE,

AND MORE. AND MR CHAN SAID: "THE WORLD IS BIG ENOUGH FOR BOTH OF US

BUSINESSMEN CAN THERE ARE MANY WAYS IN WHICH OUR GOVERNMENTS AND OUR AND DO CO-OPERATE."

CHINA CONNECTION, STRATEGIC

AND INFRASTRUCTURE

SOPHISTICATED AN IMPORTANT TRADING, FINANCIAL

AS WELL PACIFIC REGION,

MR CHAN SAID HONG KONG, WITH ITS LOCATION, HIGHLY EFFICIENT COMMUNICATIONS NETWORK, HAD BECOME

FOR SERVICES CENTRE

ASIA THE

AND AN IRREPLACEABLE GATEWAY TO CHINA.

"OUR TRADE WITH THE REGION INCREASED BY

AS

OVER 30 PER CENT A

YEAR IN 1987 AND 1988, AND BY A FURTHER 15 PER CENT LAST YEAR.

++ HE SAID.

"TODAY OUR TRADE WITH OUR ASIA PACIFIC

PARTNERS ACCOUNTS FOR

79 PER CENT OF OUR GLOBAL TRADE,

매

* A UNIQUE BLEND

OF EAST

AND

BUSINESS

METROPOLIS WHICH IS

TRULY

DYNAMIC ECONOMY

MR CHAN DESCRIBED HONG KONG AS WEST, OLD AND NEW, NATURE AND HI-TECH".

"IT IS THE PICTURE OF A COSMOPOLITAN IN BOTH APPEARANCE AND PRACTICE, WITH A AND A HIGH LEVEL OF AFFLUENCE.

"ABOVE

ALL,

IT TS

A OF OPPORTUNITIES

CITY

WHICH TO THE

OFFERS OUTSIDE

THE PICTURE ATTRACTIVE BUSINESS AND INVESTMENT

14

WORLD, HE SAID.

MR CHAN SAID THIS WAS THE PRESENT ON WHICH HONG WOULD BE BUILT.

THAT LIFE

KONG'S

FUTURE

MAINTAIN

THOSE

ΤΟ WAS STRATEGY HE SAID THE GOVERNMENT'S

SUCH AS A ATTRACTIVE, WERE MOST ASPECTS OF HONG KONG

RATES, AND ΤΟ IMPROVE DYNAMIC ECONOMY, FULL EMPLOYMENT AND LOW TAX

EXAMPLE, A FURTHER THE QUALITY OF LIFE IN HONG KONG IN TERMS OF, FOR

STANDARDS OF SOCIAL CLEANER ENVIRONMENT, BETTER HOUSING AND SERVICES.

HIGHER

FOR

A

MASSIVE WITH

HE SAID HONG KONG HAD A COMPREHENSIVE STRATEGY EXPANSION OF ITS PORT, AIRPORT AND ASSOCIATED FACILITIES TO COPE ITS RAPIDLY GROWING ROLE AS ENTREPOT AND REGIONAL HUB.

"THIS HAS ATTRACTED

INTEREST, HE SAID.

+

WIDESPREAD

INTERNATIONAL

ATTENTION

AND

/APART FROM