TNAG-2473-FCO40-3600-Asian-Development-Bank-liabilities-of-Hong-Kong-1992 — Page 35

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CONFIDENTIAL

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10

The road out of poverty leads to

market.

11

This is sound advice.

7.

We in llong Kong have for many

years put our

faith in the discipline of

the martial place in free markets, free

trade and an enterprise culture. All of

the people of

benefits.

Hong Kong have reaped the

We

estimate that in 1992 our

per capita GDP will be over US$16,000 per

year.

8.

Hong Kong's past success is well

known to you.

Indeed, you can see

evidence of it all around you. But what

of the future? Has the prospect of the

transfer of sovereignty to China on 1 July

1997 clouded Hong Kong's

answer is no it has not.

future?

The

9.

The key to

understanding

the

confidence of people here in the future is

to

appreciate the strength of the economy

and what gives it the potential

continuing

Strength.

for

This

is

the

CONFIDENTIAL