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Airport Tax: A manager of the China National Aviation Corporation, Mr. Cheung Shui Pui, said in an interview with Wen Wei Po that the four-fold airport tax increase was unfair to short-distance air passengers. In view of the growing traffic with China, the tax hike might put extra pressure on sea and land routes which in turn might affect economic, cultural and trade exchanges between HK and China. He suggested that there should be no tax increase for a flight costing less than $1 000 and only a 50 per cent rise in tax for fares over that sum. Echoing his view, the paper said in an editorial that it was hardly justified to ask a passenger to pay $100 in tax for a $260 flight to Guangzhou. The paper, together with the New Evening Post, urged the Government to review the proposal.
Chinese Economists in HK: Four Chinese economists and accountants are now
in Hong Kong to attend a seminar co-sponsored by the CMA. The Director for the Administration of Accounting Affairs in the Finance Ministry, Mr. Yang Jiwan, told Ta Kung Pao that China was actively considering simplifying the procedures for setting up business in China and amending the taxation system.
Re-export_trade: The Secretary of Trade and Industry, Mr. Eric Ho said the re- emergence of HK as an entrepot had been made possible largely by expansion of two-way re-export trade with China which had grown by 40 times in the past 20 years.
Confidence: The Chairman of the Indian Chamber of Commerce, Mr. K. Sital, said confidence was of the utmost importance in doing business in HK. He believed that China would strive to maintain such confidence.
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