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increasing difficulties arising from spreading protectionism, of problems caused by fluctuating major foreign currencies, and the uncertainties of oil prices. In contrast, it was pointed out by informed observers that Hong Kong's increasing importance as an international finance centre, and its relatively stable political situation, still provided strong attractions to foreign investment, and the strong potential and high flexibility of its economy, the far-sightedness and alertness of its entrepreneurs and the adaptability and mobility of its workers would enable it to weather the storms. However, even the
most optimistic observers predicted that the future was fraught with difficulties and un- certainties and the Hong Kong community would need to adjust itself, sometimes painfully, to many problems.
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