XN000022-1992-09-30 — Page 2

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WEDNESDAY, SEPTEMBER 30, 1992

HONG KONG OFFERS UNRIVALLED OPPORTUNITIES TO TRADERS

TO EXPLOIT THE CHINESE MARKET

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HONG KONG, WITH ITS LONG EXPERIENCE IN INTERNATIONAL TRADE AND ITS KNOWLEDGE AND UNDERSTANDING OF THE BUSINESS AND POLITICAL ENVIRONMENT IN CHINA, CAN OFFER UNRIVALLED OPPORTUNITIES TO TRADERS IN THE WEST WHO ARE KEEN TO EXPLOIT THE FAST GROWING CHINESE MARKET.

ADDRESSING A "FESTIVAL HONG KONG" SEMINAR IN MONTREAL, THE DIRECTOR-GENERAL OF TRADE, MR DONALD TSANG, TOLD MEMBERS OF THE HONG KONG CANADA BUSINESS ASSOCIATION THAT THE GROWING ECONOMIC TIES BETWEEN HONG KONG AND SOUTHERN CHINA HAD PLACED HONG KONG IN A UNIQUE POSITION TO CONTRIBUTE TOWARDS CHINA'S ECONOMIC DEVELOPMENT WHILE FURTHERING ITS OWN.

"THE OPENING OF CHINA AS A MARKET AND A SOURCE OF LABOUR AND LAND SUPPLY FACILITATES THE FURTHER UPGRADING AND TRANSFORMATION OF HONG KONG'S ECONOMY.

H MR TSANG SAID.

NOT ONLY то

"THE FLOURISHING RE-EXPORT TRADE BRINGS BUSINESS OUR IMPORT AND EXPORT TRADERS, BUT ALSO TO OUR SERVICING SECTOR SUCH AS TRANSPORTATION, COMMUNICATION, FINANCE AND EVEN TOURISM. THIS ENHANCES HONG KONG'S POSITION AS AN INTERNATIONAL COMMERCIAL AND FINANCIAL CENTRE, HE ADDED.

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MR TSANG BELIEVED THAT THE ECONOMIC SYNERGISM WE WERE SEEING IN HONG KONG WITH SOUTHERN CHINA WAS THE TIP OF AN ICEBERG WHICH WOULD SURFACE AT ACCELERATED PACE IN THE COMING DECADE, GIVEN GENERAL POLITICAL STABILITY IN CHINA AND IN THE ASIA-PACIFIC REGION,

"THE ECONOMIC FLOODGATES AROUND CHINA HAVE BEEN AROUSING THE ENTREPRENEURIAL INSTINCT AND ENTERPRISING SPIRIT CHINESE PEOPLE. NO-ONE CAN STEM THIS GROWTH WITHOUT HIGHLY MEASURES UNACCEPTABLE IN THIS DAY AND AGE.

"THIS DEVELOPMENT WILL GENERATE WEALTH NOT ONLY FOR SOUTHERN CHINA, BUT FOR ALL BUSINESSMEN IN THE REGION WHO AND EXPLOIT THIS CHANGE.

LIFTED, OF THE DRACONIAN

PEOPLE IN APPRECIATE

"HONG KONG'S POSITION AS THE BEDROCK OF THIS TRANSFORMATION WILL NO DOUBT BOLSTER ITS LONG-TERM STABILITY. AND CANADA, WITH ITS LONG ESTABLISHED AND RAPIDLY TIES WITH HONG KONG, IS IDEALLY PLACED TO BENEFIT FROM THIS HE SAID.

ECONOMIC POLITICAL GROWING

CHANGE,

MR TSANG REFUTED SAYING THAT THE CLOSE AND SYMBIOTIC ECONOMIC RELATIONSHIP BETWEEN HONG KONG AND CHINA WOULD LEAD ΤΟ A 'VANISHING BORDER', AND THIS MAY UNDERMINE HONG KONG'S IMAGE AND POSITION AS AN INDEPENDENT ENTITY WITH ITS OWN ESTABLISHED RULES AND CONTROLS.

/HE EMPHASISED