FBIS-CHI-92-113
11 June 1992
HONG KONG & MACAO
referendum in Hong Kong before the Joint Declaration was signed, thus depriving the Hong Kong people of the right to self-determination. To enable Hong Kong people to enjoy the "right of self-determination," the Joint Declaration should be cast aside and Hong Kong people should be allowed to make a decision themselves by ballot. This shows that some people in the world at present really still have fond dreams about the epoch of colonialism. Prior to 1947, after Britain had organized so-called "dominions" in colonies within its jurisdiction, these "dominions" became member states of the British Commonwealth. The "lawyers" who concocted the "report" want Britain to practice so-called “citizens' self-determination" in Hong Kong according to the methods it has used to handle its colonies in the past in an attempt to use this as a pretext to continuously keep Hong Kong under British rule and to hinder China's resumption of sovereignty over Hong Kong. It is a pity that Hong Kong's future is no longer subject to new talks and that the Sino-British Joint Declaration will not be rewritten. China is going to resume sovereignty over Hong Kong soon and this cannot be obstructed by any force. Those who covet Hong Kong and harbor evil intentions can receive nothing other than to revive their previous fond dreams of colonialism. They are advised to be a bit wiser.
Wu Xueqian Receives Hong Kong Travel Delegation OW0906133092 Beijing XINHUA in English 1323 GMT 9 Jun 92
[Text] Beijing, June 9 (XINHUA)-Chinese Vice- Premier Wu Xueqian met with a delegation from Hong Kong Association of China Travel Organizers headed by Ma Chi Man, chairman of the association, here today.
The association, made up of more than 240 travel agencies dealing with China travel service, was founded in December, 1983.
The guests arrived here June 7 at the invitation of China Tourism Association, and they are scheduled to attend the '92 China Travel Fair, which will open here
tomorrow.
Confidence of U.S. Investors in Hong Kong Grows OW1006012492 Beijing XINHUA in English 0045 GMT 10 Jun 92
[Text] Hong Kong, June 10 (XINHUA)—An annual business survey organized by the American Chamber of Commerce suggested a significant improvement in short, medium and long-term U.S. business confidence towards Hong Kong and the Chinese Mainland.
The third annual business survey was staged by mailing 1,049 questionnaires to the chamber's corporate mem- bers from April 6 to May 8 of this year. Its results was released at a press conference here yesterday afternoon.
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In contrast to the 1991 survey results almost exactly one year ago, there has been a major change of opinion toward the overall investment climate of Hong Kong and the Chinese Mainland between now and 1997.
The survey showed that 89 percent of respondents felt the outlook for Hong Kong up to the transfer of its power from U.K. to China in 1997 was "favorable" or "very favorable" versus a 78 percent positive reply last year.
The five-year investment outlook for the Chinese Main- land was even more bullish with 93 percent of respon- dents expressing "favorable" or "very favorable" versus 70 percent exactly one year ago.
There was also a high degree of confidence regarding the investment climate in Hong Kong and the mainland after 1997.
Some 48 percent of the respondents said they will become more confident in Hong Kong investment cli- mate, 44 percent “about the same," and 8 percent "less confident."
As regard to the mainland investment climate after 1997, 62 percent of the respondents said they will be more confident, 34 percent about the same and only 3 percent less confident.
Most respondents ranked the "economic outlook," "growing domestic market" and "political climate" as the top reasons for their favorable change of viewpoint regarding Hong Kong and the Chinese Mainland.
Asked about their business plans for Hong Kong for the next three years, 56 percent of the respondents said their business will be as usual, 39 percent of them increase investment activities, 5 percent reduce Hong Kong oper- ations and none plans to leave Hong Kong.
Re-Export Volume Up 32 Percent Over '91 HK1006033892 Hong Kong SOUTH CHINA MORNING POST (BUSINESS POST) in English 10 Jun 92 p 3
[By Lucinda Horne]
[Text] Re-export volume was 32 percent higher in the first three months of the year than the same period last year, reflecting strong overseas demand for both capital and consumer goods, according to the Census and Sta- tistics Department.
The volume of capital goods re-exported for the first quarter was up 42 percent compared with the same period last year. In March alone re-exports of capital goods rose 60 percent.
Re-exports of consumer goods registered a 33 percent gain for the period.
Import volume also rose sharply, gaining 22 percent over the same period last year.
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