XN000022-1994-06-22 — Page 7

WEDNESDAY, JUNE 22, 1994

SHE

REASONS TO EXPLAIN GOOD CITED

WHY SUCH CONCERNS WERE

UNJUSTIFIED.

FIRST, AS THE ASIAN ECONOMIES BECOME WEALTHIER, THEY THEMSELVES SERVICES REPRESENT DYNAMIC AND POTENT NEW MARKETS FOR MANY GOODS AND PROVIDED BY EUROPE.

AND

OF GROWING SECONDLY, EAST ASIA HAS MUCH TO OFFER IN A WORLD ECONOMIC INTERDEPENDENCE, WITH ITS ABUNDANCE OF NATURAL RESOURCES LABOUR, AND ITS STRATEGIC GEOGRAPHICAL LOCATION COVERING SOME OF FASTEST GROWING ECONOMIES OF THE WORLD.

THE

THIRDLY, EAST ASIAN ECONOMIES HAVE SET A VERY GOOD EXAMPLE GROWTH BY PURSUING MARKET LIBERALISATION STRATEGIES.

OF

PRESENTS

A

THE

TREMENDOUS CHIEF

THE RISE OF THE EAST ASIAN ECONOMIES OPPORTUNITY RATHER THAN A THREAT TO THE DEVELOPED WORLD, SECRETARY SAID.

INVESTMENT

THAT SHE

"IF WE CONTINUE TO PUSH BACK BARRIERS TO TRADE AND RATHER THAN BUILD UP DEFENSIVE PARAPETS, I HAVE NO DOUBT MYSELF BOTH THE DEVELOPED AND DEVELOPING WORLDS WILL STAND TO BENEFIT, ADDED.

CHAN

SAID

WAS

DETERMINED

TO KONG MRS

HONG INTERNATIONAL BUSINESS CONFIDENCE IN THE TERRITORY WHICH WOULD THE EUROPE-EAST ASIA PARTNERSHIP.

MAINTAIN FOSTER

MANY AND THE

SHE SAID: "THIS MEANS DOING ALL WE CAN TO IMPLEMENT THE GUARANTEES LAID DOWN IN THE SINO-BRITISH JOINT DECLARATION FUTURE BASIC LAW.

"THIS

AND FAIR MEANS A CREDIBLE LEGISLATURE PRODUCED BY OPEN

AND A LEVEL ELECTIONS, AND INDEPENDENT JUDICIARY, THE RULE OF LAW PLAYING FIELD FOR BUSINESSES COMING FROM ABROAD AS WELL AS WITHIN HONG KONG.

SECURING SHORT,

FRAMEWORK THAT WILL "IN

THE INSTITUTIONAL ENSURE THE SUCCESS OF THE 'ONE COUNTRY, TWO SYSTEMS' CONCEPT.

"

0

TRANSCRIPT OF CS' MEDIA REPLIES

FOLLOWING IS THE TRANSCRIPT OF REPLIES BY THE CHIEF MRS ANSON CHAN TO PRESS QUESTIONS AFTER ATTENDING THE FRENCH ASSOCIATION LUNCHEON TODAY (WEDNESDAY):

SECRETARY,

BUSINESS

IS

GOING то IS THAT

QUESTION : THERE IS A REPORT SAYING THAT MR GOODLAD PROPOSE TO CHINA THAT YOU BE THE CHIEF EXECUTIVE OF THE SAR. TRUE?

/cs: