TNAG-1836-FCO40-2611-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1989 — Page 149

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The growth rate of Hong Kong's exports to China in 1989

is nevertheless likely to slow down, given that the growth rate of the Chinese economy may slow down markedly and Hong Kong's exports to the rest of the World may also slow down in 1989. However, a slower growth rate for Hong Kong's exports to China may be no bad thing, given that Hong Kong is

from the presently suffering

inflationary consequences

excess demand for its products.

of

(The Government Economist, Dr A.A. MCLEAN, will

attend for this item.)

9 January 1989

(CR 4/1916/84 (88) VII)

COUNCIL CHAMBER