2
WEDNESDAY, OCTOBER 7, 1992
"THIS WAY OF LIFE NOT ONLY PRODUCES IMPRESSIVE MATERIAL CULTURAL BENEFITS; IT ALSO INCORPORATES VALUES THAT WE ALL CHERISH.
"OUR PROSPERITY AND STABILITY UNDERPIN OUR WAY OF LIFE.
++
AND
THE
EQUALLY. BUT,
HE SAID HONG KONG'S WAY OF LIFE WAS FOUNDATION ON WHICH WE MUST BUILD OUR FUTURE STABILITY AND PROSPERITY. THANKS
THAN TO THIS COMBINATION, HONG KONG HAD ACHIEVED MORE COULD EVER HAVE PREDICTED.
ANYONE
++
"PRIDE IN OUR PAST AND PRESENT SHOULD HELP MAKE ABOUT OUR FUTURE, HE SAID.
US CONFIDENT
0
GOVERNOR OPTIMISTIC OVER GROWTH PROSPECTS
DESPITE THE ECONOMIC GLOOM IN MANY OTHER PARTS OF HONG KONG HAS EVERY REASON ΤΟ BE OPTIMISTIC ABOUT PROSPECTS, THE GOVERNOR, THE RT HON CHRISTOPHER PATTEN, (WEDNESDAY).
THE
WORLD,
ITS GROWTH SAID TODAY
DELIVERING
COUNCIL,
MR
OF
HIS POLICY ADDRESS IN THE LEGISLATIVE PATTEN SAID HONG KONG WAS AT THE CENTRE OF ASIA AND THE PACIFIC'S RAPID DEVELOPMENT A HISTORIC PROCESS WHICH WAS LIFTING HUNDREDS MILLIONS OF PEOPLE OUT OF POVERTY.
-
"THIS IS A 'TRADE WIND' THAT PROMISES TO SWEEP THE WHOLE REGION OR NORTH INTO AN ECONOMIC REVOLUTION AS GREAT AS ANY SEEN IN EUROPE AMERICA SINCE THE VERY START OF INDUSTRIALISATION."
PATTEN MR
INEXTRICABLY
WAS SAID HONG KONG'S ECONOMIC FUTURE BOUND UP WITH CHINA, AND WITH GUANGDONG PROVINCE IN PARTICULAR.
HONG
CHINA'S EXTRAORDINARY GROWTH RATES HAD HELPED TO PROTECT KONG AGAINST THE RECESSIONARY CONDITIONS WHICH HAD PLAGUED MUCH OF THE WORLD ECONOMY IN RECENT YEARS.
11
AS A
ANNUAL RESULT, WE ARE PROJECTING THAT HONG KONG'S
++ HE SAID. GROWTH BETWEEN NOW AND 1997 WILL AVERAGE 5% IN REAL TERMS,
GDP
AS
THE GOVERNOR ADDED. THAT HONG KONG INEVITABLY FACED DANGERS WELL AS GREAT OPPORTUNITIES.
ACCESS,
"SOME ARE DANGERS WHICH WE CANNOT OURSELVES DIRECTLY CONTROL THE OUTCOME OF THE TALKS BETWEEN THE USA AND CHINA ON MARKET FOR EXAMPLE, OR THE CONTROVERSY OVER THE EXTENSION OF MFN STATUS CHINA.
FOR
"ON BOTH THESE ISSUES WE HAVE PUT OUR CASE WITH VIGOUR.
ULTIMATELY, THE GOVERNOR SAID, TRADE WARS BENEFITTED NOBODY AND ENDED UP HURTING EVERYBODY.
/"THEY CUT
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