TNAG-2733-FCO40-3939-Future-of-Hong-Kong-constitutional-development-1993 — Page 37

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

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China means that we are

vulnerable to price pressures in

China but, for the time being at least, our exports and

re-exports retain

significant competitive

advantages. It

may not be an easy year for china yet another reason for

us to be prudent in our economic management.

THE ECONOMIC IMPERATIVE

12.

For Hong Kong, nothing is more important than

getting the economy right. I think this is a point well

understood here.

For Hong Kong, while it is true that

sustains

our economy, it is equally true

our way of life. In setting out

economy comes first.

We have to

our way of life

that our economy supports

our policy goals, the

keep it fit and healthy,

COMPETITION AND THE CONSUMER-

13.

how

to

Last year, I asked my new Business Council to decide

take forward the competition initiative announced in

Policy Address. On its advice, we provided funds for the

Consumer Council to conduct

my

seen.so

industry-specific competition

policy studies. From what I have seen so far, they have

done an excellent job. I expect the Government to follow

up

each

market study by

publishing

within six

months of its

release.

a detailed response

It is important that

the Council

has the resources it needs to complete its work

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