XN000022-1993-11-09 — Page 3

2

TUESDAY, NOVEMBER 9, 1993

MS TAI SAID REPRESENTATIVES FROM CHINA VERY USEFUL, FREE AND FRANK EXCHANGE OF VIEWS ISSUES.

AND HONG KONG HAD A ON A WIDE RANGE OF

THERE WOULD BE MORE

SHE POINTED OUT THAT AS 1997 DREW NEAR, ISSUES OF WHICH THE SOLUTION REQUIRED THE JOINT EFFORTS OF CHINA: AND HONG KONG.

"INHERENT IN THE CONCEPT OF 'ONE COUNTRY, TWO SYSTEMS' IS THE NEED TO RECOGNISE AND RESPECT DIFFERENCES IN EACH OTHER'S SYSTEM, AND MORE IMPORTANTLY TO HAVE A WILLINGNESS TO WORK FOR THE CONTINUED STABILITY AND PROSPERITY OF BOTH CHINA AND HONG KONG.

"THE SYMPOSIUM WOULD CONTRIBUTE TO THIS PROCESS UNDERSTANDING, MUTUAL RESPECT AND TRUST BETWEEN THE PROPERTY CIRCLES OF CHINA AND HONG KONG, MS TAI SAID.

11

BY

FOSTERING INTELLECTUAL

HONG KONG IS CHINA'S WORLD PORT

HONG KONG IS ALREADY CHINA'S WORLD PORT AND WILL REMAIN SO WELL INTO THE NEXT CENTURY.

MAINLAND PORTS NOW BEING DEVELOPED WILL BRING WELCOME COMPETITION, BUT WILL NOT THREATEN HONG KONG'S PRE-EMINENT PORT STATUS.

THIS WAS THE MAIN THEME OF A SPEECH GIVEN BY PORT DEVELOPMENT BOARD SECRETARY, MR TONY CLARK.

HE TOLD DELEGATES TO A HONG KONG UNIVERSITY CONFERENCE THAT 42 PER CENT OF THE MAINLAND'S EXPORT TRADE ALREADY FLOWED THROUGH HONG KONG.

THE CONFERENCE, ON "CHINESE CITIES WAS HELD AS A PRELUDE TO THE UNIVERSITY'S THE CONVENTION AND EXHIBITION CENTRE FROM

AND CHINA'S DEVELOPMENT" J EXHIBITION, EXPO 2001 AT NOVEMBER 26 TO 30.

ROLE TO

MR CLARK SAID HONG KONG WOULD HAVE AN EVEN GREATER PLAY AS CHINA TOOK ITS RIGHTFUL PLACE AS ONE OF THE WORLD'S LEADING ECONOMIES.

FOR THIS REASON, IT WAS ESSENTIAL THAT PLANS FOR A NEW PORT ON LANTAU MUST PROCEED.

OTHER PORTS, NOW BEING DEVELOPED IN CHINA, WOULD NOT TAKE BUSINESS FROM HONG KONG BUT WOULD BE COMPLEMENTARY TO IT.

HE SAID THE WORLD'S BUSIEST CONTAINER PORT WAS HONG KONG'S KEY ECONOMIC ASSET. THE PORT PRESENTLY:

* GENERATED 15 PER CENT OF GROSS DOMESTIC PRODUCT

/* LED TO