CONFIDENTIAL
Q.
A.
Do you see the developments in Shanghai and other Chinese cities as depreciating Hong Kong's economic value to China?
How does Hong Kong need to adjust/adapt?
I see no conflict between the development of Shanghai and
other Chinese cities and that of Hong Kong.
agreed that Hong Kong has a major role
to
Everyone is
play in the
development of South China and the country as a whole. Much
to offer
-
commercial
harbour
expertise.
J
communications centre
-
financial and
It has been true for a number of
years, I believe,
that about 30% of China's foreign exchange
earnings come through Hong Kong.
KOWLOON WALLED CITY
Q.
Any comment on the announcement that the Kowloon Walled City
is to be cleared?
A.
I am very glad that the Kowloon Walled City is to be cleared.
There has been long-standing concern about environmental
conditions in the Walled City. Clearance is long over-due.
It is very good news that it is now going ahead.
Q.
Were the Chinese Government consulted?
A.
Yes. The Chinese Government were informed of the clearance
and had expressed their support for the arrangements which
have been announced.
CONFIDENTIAL
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