2 -
how
to
fund these services and programmes and see whether
there are ways of improving the scope for individual choice
and quality. So today I will focus on the progress we have
made SO far and on what the next decade holds for ordinary
families in Hong Kong. I will start by reviewing some of
the issues we have dealt with during the year and then look
forward to the decade ahead. I will conclude by speaking of
Hong Kong's role as both an international and a Chinese city
a bridge between China and the world.
(2)
HONG KONG TODAY
A.
ECONOMIC PROSPECTS
3.
rate of
crisis.
Last
year, I warned that we faced a slowdown in the
economic growth. This has indeed been the case.
Our prospects have been further dampened by the Middle East
Higher oil prices will mean, inevitably, some
increase in the cost of living. At the same time, our major
trading partners face а new check
expansion.
to
their economic
This will reduce their demand for the goods and
services we export. Our rate of economic growth for 1990,
/although
1
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