TNAG-2473-FCO40-3600-Asian-Development-Bank-liabilities-of-Hong-Kong-1992 — Page 39

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

File No.....

Drafted by- Typed by- Date-

DRAFT

CONFIDENTIAL

8

Page

about 40% of all China's external

trade passes through Hong Kong.

It is clear enough from thesc

12.

figures

that

inter-dependence

and Hong Kong

both.

there

is

growing

between southern China

to the great benefit of

Much of Hong Kong's manufacturing

base has moved to Guangdong.

Hong Kong's

economy is now to a large extent service

based.

About 65% of our workforce is

employed in service industries.

future

Our

prosperity depends upon our ability

to act as an effective link between the

burgeoning economy of southern China and

both the Asia region and the rest of the

world.

13.

1997 will not weaken Hong Kong's

trade position. It will enhance it. The

strong economic links between Hong Kong

and China will continue to grow. The

industrial

transformation of China's

coastal provinces will mean

and increasing demand for

capital, services and

skills.

a continuing

Hlong

Kong's

entrepreneurial

CONFIDENTIAL

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