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D.
CONFIDENCE: EMIGRATION, ECONOMY
EMIGRATION
Hong kong people traditionally very mobile, and often spend some
years abroad for study or training.
Emigration is up: number of reasons for this, including
increased opportunities for emigration to some countries, eg Canada,
Australia.
Concern about the future may be one factor in some people's
decisions, but by no means the only one.
Do not believe the pace of development of representative
government is a particularly significant factor.
Evidence is that many people return to Hong Kong after they have
obtained an overseas passport.
ECONOMY
Economy performing exceptionally well.
in 1987 of about 12%; 11% in 1986.
Estimated growth in GDP
Domestic exports increased in real terms by 16% in 1986 and by 27% in the first half of 1987 over same period in 1986. Re-exports
up 14% and 49% in same period.
Annual inflation rate expected to rise from 5.4% to around 6% by
end of financial year.
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Too early to estimate effect of fall in stock market prices on Hong Kong but growth in 1988 unlikely to be as high as in 1986 and
1987.
www.
Property prices remain strong.
MAJOR PROJECTS
Impressive number of major public projects underway or planned. eg a third university, a light rail system in Tuen Mun and Yuen Long, two new container terminals, two 1600 bed hospitals, major reclamation in Hung Hom and Aldrich Bay, and a road tunnel link
between Tsuen Wan and Sha Tin.
Private sector is constructing a second tunnel under the harbour and six consortia are competing for the right to construct a second road tunnel linking Kowloon and the New Territories.
No comments yet.
Private notes are available after approval.