XN000022-1991-09-16 — Page 6

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MONDAY, SEPTEMBER 16, 1991

IN ORDER TO BEAR BETTER FRUIT AND A BUMPER CROP IN TILE NEW MARKET NEEDED PATIENT CULTIVATION AND TIME TO GROW.

A

RISEN TO ΤΗΣ ON A SENSIBLE.

LI AUR SALE

OUR EXPORTING COMMUNITY HAD UNDOUBTEDLY WHERE TIME AND CAPITAL WERE READILY AFFORDABLE IF THEY WERE EVENTUALLY TO YIELD GREATER RETURNS.

ΤΟ HELP IN TACKLING ANY "THE TRADE DEPARTMENT STANDS READY

IN THESE TRADE

NEW MARKETS IN TO OUR IMPEDIMENTS UNREASONABLE BILATERAL OR MULTILATERAL FORUMS WITH THE COUNTRIES CONCERNED.

"WHILE

YOU EXPLORE NEW

AND DETERMINE EXPORT AND MARKETS

ACT IN TANDEM ON INVESTMENT STRATEGY, THE DEPARTMENT CAN CERTAINLY

AND TRADE YOUR ADVICE TO UNBLOCK THE GOVERNMENTAL REGULATORY REGIMES BARRIERS AT THE IMPORTING ENDS.

"MR "THIS IS FERTILE GROUND FOR US TO JOIN HANDS," MR TSANG SAID.

BY AN HE SAID FOR A SMALL TERRITORY LIKE HONG KONG, SUSTAINED

AND AGAINST HIGHLY VOLATILE ENTIRELY EXTERNALLY ORIENTATED ECONOMY

OF OUR INVESTORS' SENTIMENT, HE BELIEVED THAT OVER-CONCENTRATION

COMMODITIES TRADE HAD ALREADY EXPORT MARKETS AND A NARROW RANGE OF BEGUN TO WEAKEN OUR LONG-TERM PROSPECT OF ECONOMIC GROWTH.

RE-STRUCTURING

THE ECONOMIC EUROPE, I

OF DRAMATIC "UNLESS THERE IS A FORMATIONS, OR A CHANGE IN TRADE BEHAVIOUR IN THE U.S. AND BELIEVE THAT OUR CURRENT TRADE PORTFOLIO IS DEFECTIVE,

1.

HE SAID.

WILL BE DETERMINED BY "AND HONG KONG'S ECONOMIC PERFORMANCE SENTIMENTS AND EVENTS OUT OF OUR CONTROL IN THE U.S. AND EUROPE.

"THIS DEFECT WILL GRADUALLY BUT SURELY FIND FOUL ON INDIVIDUAL EXPORTERS' ORDER BOOKS,

ITS WAY ΤΟ

PLAY

"IN SHORT, WE

NEED

BOLD

AND INITIATIVES

NEW

FRONTIERS

IN

박비

TRADE, HE SAID.

MEANWHILE, THE WORLD WAS CHANGING

AROUND US AT BREATHTAKING

BOTH

ASSIMILATE ON AND POLITICAL

PACE, MR TSANG SAID.

POWERFUL ECONOMIC ENTITIES WERE ENDEAVOURING TO

WHILE LONG-STANDING SIDES OF THE ATLANTIC, MILITARY POWERS WERE TENDING TOWARDS SEPARATION.

AND ECONOMIC

NUCLEI

OF THE WORLD WERE BOTH THE POLITICAL CONTINUING TO SHIFT AT A SPEED UNSURPASSED SINCE WORLD WAR 11.

OUR CAPTAINS "THIS COULD BE A NEW GOLDEN ERA FOR HONG KONG IF

REPEATEDLY DEMONSTRATED OF INDUSTRY AND TRADE ARE ABLE, AS THEY HAVE

TURN

TO OUR THEM IN THE PAST, TO ADVANTAGE.

ACCOMMODATE

THESE

CHANGES

AND

AND

AGGRESSIVE

POSITIVE "THE INCENTIVE TO BE MOMENTOUS CHANGES ALREADY EXISTS," MR TSANG SAID.

TOWARDS THESE

0

17