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affairs, the more committed will Hong Kong people be to their
own future and the future of China.
This new-look Council will no doubt keep its sights
firmly focussed on Hong Kong's continued economic growth, the
foundation for which is our free enterprise system and
market-oriented economy.
Hong Kong's own brand of capitalism will have to
relate to and make its significant contribution to China's
socialist modernization and higher living standards for the
Chinese people.
In other words, Hong Kong after 1997 can be the
proving ground whereby capitalism and socialism can co-exist
productively and peacefully for all concerned.
Already as a start, in implementation of the Joint
Declaration, new land leases are being issued to expire in
the year 2047, and this has reinforced confidence in Hong
Kong's economic future.
Our progress towards political reforms needs to be
paced right so as to enhance social stability, economic
prosperity and confidence in our future, and to avoid
economic chaos at all costs.
We have to pragmatically move forward in building
up our own style of representative government for 1997.
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