TNAG-1630-FCO40-2246-Visits-by-Hong-Kong-Government-officials-to-China--the-UK-an-1987 — Page 119

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4.

market

Hong Kong has a

approach is

Businessmen in

Fong Kong are

alert always

to new

The Government's

opportunities, including market and product diversification.

free-enterprise, market-oriented economy.

to

ensure the adequate provision of trained manpower, infrastructure facilities and services to support industrial development, without interfering with the The Government believes that the best operation of the market mechanism. incentive to investment is the ability of the businessrer to make their own. Indeed, substantial decisions and to reap the benefits of those decisions.

investments

been have

retained for example,

imports of

in real terms. machinery for use in the manufacturing sector

grew by 26% productivity growth

There

made. In 1986,

for scope

considerable

should be manufacturing sector, and the upgrading of products and processes.

5.

economy.

in

the

of international an important means In Hong Kong, air transport is carriage for people and goods. It plays a vital role in Hong Kong's life and Kai Tak Ir 1986 the hong Kong International Airport (HKIA) at handled 10.6 million passengers, 65,000 aircraft movements, and 540,000 tonnes

air cargo.

About 1/4 of liong Kong's exports, by value, is carried by air.

of total passengers. Passengers to or from China comprise 9.5% movements to or from China comprise 14.7% of total aircraft movements.

6.

Aircraft

In line with the expected continued growth of the Hong Kong ecoromy,

the demand

increase. to for airport facilities is expected

the Aviation Department,

the

Civil

number

According to

air

of

by projections made passengers is expected to increase by 7.5% per annum to 1990, the number of aircraft movements 7.0% per annum, and air cargo b.4% per annum.

7.

For the purpose of planning airport facilities, we have to consider For example, we have not only the yearly figures, but also the hourly rates.

At present the

to compare the passenger forecast with the terminal capacity. terminal building can handle 5,400 passengers per hour. With the completion of the Stage V extensior in a couple of years, the capacity of the terminal building will be increased by 50%, to 5,300 passengers per hour.