TNAG-2527-FCO40-3696-Hong-Kong-China-Relations-Committee-1992 — Page 109

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(14)

Recently

the property market

31

32).

in Guangdong

has

attracted an increasing number of Hong Kong investors

(paragraphs

and

Meanwhile, the

well-established PRC-interest companies in Hong Kong

have staged an all-round recovery in their activities

since the beginning of 1991. In particular, they are

keen to participate in the development of major

infrastructural projects in Hong Kong (paragraphs 33

to 35).

(15) The

(16)

(17)

that

with

Kong

of

long-term development strategy of China remains

implementing domestic economic reforms along

opening up to the outside world. As far as Hong

is concerned, it is important that China keeps

up with its reform policies and maintains a

continuous and steady economic growth (paragraph 36).

Trade sanctions by the United States on China, if

applied, would inevitably affect the Hong Kong

economy (paragraph 37).

The year-on-year rate of increase in the retail

prices of goods from China rose further in the third

quarter of 1991, partly because of a temporary

upsurge in the retail prices of certain essential

foodstuffs from China in the months of July and

August. This has fed into Hong Kong's inflation in

the third quarter (paragraph 38).

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