WEDNESDAY, NOVEMBER 23, 1994
HK WILL DO WELL IN THE NEXT CENTURY: CS
* *
HONG KONG IS THE ECONOMIC HUB OF EAST ASIA AND WILL CONTINUE TO MRS ANSON CHAN, WELL INTO THE NEXT CENTURY, THE CHIEF SECRETARY, SAID TODAY (WEDNESDAY).
BE
-
MRS
2001" CONFERENCE IN LONDON, SPEAKING AT THE "HONG KONG CHAN SAID SHE FOUND A GREAT DEAL THAT WAS POSITIVE AT HONG KONG IN THE NEXT CENTURY.
++
"1997 WILL BE WELL BEHIND US, AND A NEW AND CHINESE HAVE STARTED, SHE SAID.
ERA ·WILL
NOT
OPEN ING
"I DETECT A SIMILAR ATTITUDE AMONG OUR FRIENDS OVERSEAS, LEAST, HERE IN BRITAIN, I BELIEVE THAT YOU, TOO, SEE 1997 AS THE DOOR TO A LARGER RELATIONSHIP."
MRS
THE REMARKABLE
SOCIAL BEEN
SAID CHAN
ECONOMIC
AND SUCCESS PROGRESS SINCE THE SIGNING OF THE JOINT DECLARATION IN 1984 HAD REASSURING THAT HONG KONG COULD COPE WITH THE CHALLENGES OF 1997.
79
IN REAL REAL
IN
SHE NOTED THAT DURING THIS DECADE, TOTAL GDP HAD GONE UP BY PER CENT IN REAL TERMS; TOTAL FOREIGN TRADE BY 350 PER CENT TERMS: TOTAL TRADE WITH CHINA UP BY MORE THAN 500 PRR CENT TERMS: UNEMPLOYMENT DOWN FROM ALMOST 4 PER CENT TO LESS THAN CENT: HOME-OWNERSHIP UP FROM 31 PER CENT OF THE POPULATION TO 48 CENT; AND THE OVERALL CRIME RATE DOWN BY 10 PER CENT.
2 PER PER
TO
POLITICALLY, THE COMMUNITY HAS FOUND THE SOCIAL DISCIPLINE
ITS EXECUTIVE-LED ADJUST то THE POLITICAL UNKNOWNS AND TO DEVELOP GOVERNMENT INTO A MORE OPEN AND ACCOUNTABLE STYLE OF ADMINISTRATION.
REASSURE
"THIS REMARKABLE PERFORMANCE HAS DONE A GREAT DEAL TO THE PEOPLE OF HONG KONG THAT THEY CAN COPE WITH THE CHALLENGES OF 1997
MAKE THEIR PLANS
FOR
THE
NEXT
CENTURY
WITH
CONSIDERABLE
AND
CONFIDENCE.
H
SHE
NOTED THAT OF WHAT
THE HONG KONG GOVERNMENT UNDERSTANDING
NEEDED TO BE DONE IN TERRITORY'S LONG-TERM BUSINESS SUCCESS.
ORDER
HAD A VERY
TO ENSURE
CLEAR THE
**WE
MUST
MEANS, SAID.
LIVES TO BE A COMMUNITY THAT CONTINUE
SECTOR, WITH LOW TAXES AND A SMALL BUT EFFICIENT PUBLIC
OUR
ENGINES OF
"WE MUST MAINTAIN OUR COMMITMENT TO FAIR AND OPEN MARKETS, CONVICTION THAT COMPETITION AND FREE TRADE ARE THE BEST GROWTH.
"I
...
WITHIN ITS SHE
SHE SAID THE GOVERNMENT ALSO BELIEVED THAT TO MAINTAIN BUSINESS
CONTINUED ECONOMIC
IT SUCCESS, AND
WAS CONFIDENCE
HONG KONG'S NECESSARY TO PUT IN PLACE THE LEGISLATURE AND ADMINISTRATIVE FRAMEWORK NECESSARY TO MAINTAIN THE RULE OF LAW AND A LEVEL PLAYING FIELD.
A
BASIC
"HONG KONG'S ECONOMIC VITALITY IS ROOTED IN ITS WAY OF LIFE, WAY OF LIFE THAT IS GUARANTEED IN THE JOINT DECLARATION AND THE LAW," SHE SAID.
/MRS CHAN
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