XN000022-1991-05-24 — Page 4

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FRIDAY, MAY 24, 1991

SIR DAVID SAID NEXT YEAR, IT WOULD BE HONG KONG'S TURN TO SOMETHING OF HONG KONG ACROSS THE PACIFIC TO CANADIAN CITIES.

TAKE

THIS

IT EXCHANGE.

WILL STRENGTHEN "WE LOOK FORWARD TO ALREADY CLOSE RELATIONSHIP BETWEEN OUR TWO COMMUNITIES.

THE

++

"IT WILL PROVIDE INTEREST AND ENJOYMENT FOR OUR CITIZENS, GOVERNOR SAID.

THE

0

GOVT INTENDS TO SET UP TRADE OFFICE IN CANADA

OF

THE CANADIAN IN TORONTO OFFICE, A GOVERNMENT

WITH FORMALITIES SUBJECT TO THE COMPLETION GOVERNMENT, THE HONG KONG GOVERNMENT INTENDS TO ESTABLISH LATER THIS YEAR A HONG KONG ECONOMIC AND TRADE SPOKESMAN ANNOUNCED TODAY (FRIDAY).

REPRESENT THE HONG KONG CANADA. IT WOULD

THE SPOKESMAN SAID THE OFFICE WOULD GOVERNMENT IN CONDUCTING COMMERCIAL RELATIONS WITH ALSO BE RESPONSIBLE FOR INDUSTRIAL PROMOTION AND PUBLIC RELATIONS,

ECONOMIC SITUATION IN THE FIRST QUARTER OF 1991 AND UPDATED FORECASTS OF ODP AND PRICES FOR 1991

THE FOLLOWING

ACCORDING

PICK-UP IN THE FOURTH QUARTER OF 1990, THE CONTINUED TO IMPROVE IN THE FIRST QUARTER OF 1991, ECONOMY TO THE FIRST QUARTER ECONOMIC REPORT PUBLISHED TODAY (FRIDAY).

THE GROWTH IN RE-EXPORTS REMAINED ROBUST, WHILE DOMESTIC EXPORTS SHOWED A MODEST INCREASE, THE REPORT NOTED.

CONSUMPTION

SIGNS

OF

LOCALLY, INVESTMENT DEMAND STRENGTHENED, ALTHOUGH DEMAND WAS

THE LABOUR MARKET SHOWED SOME STILL MODERATE. EASING BUT THE RATE OF INFLATION REMAINED HIGH, THE REPORT SAID.

LOCAL INFLATIONARY PRESSURES INTENSIFIED DURING THE FIRST

PROPERTY PRICES, MONTHS OF 1991, LARGELY DUE TO RECENT INCREASES IN PUBLIC TRANSPORT FARES AND PISCAL LEVIES,

FOUR

TODAY, 1990.

THE CONSUMER PRICE INDICES FOR APRIL 1991, WHICH WERE SHOWED THAT THE CPI(A) ROSE BY 13.9% OVER THE SAME

RELEASED MONTH IN

GOVERNMENT

BEEN KEEPING A CONCERNED AT

THE ON THE RATE OF INFLATION IN APRIL, COMMENTING

MR KY TANG, SAID: "THE GOVERNMENT HAS ECONOMIST, CLOSE WATCH OVER THE INFLATION SITUATION AND IS DEEPLY THE ACCELERATING TREND.

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