How long will talks last. (Various suggested deadlines)
We want to give talks every chance of success. But there
is not infinite time. We need to have legislation in place in
good time for local elections in 1994 and the Legislative
Council elections in 1995.
NEW AIRPORT
All agree that Hong Kong needs a new airport if it is to remain an important international trade and financial centre.
Have done our best to take account of Chinese problems with
financing arrangements.
Believe that agreement could be reached quickly if
financing issues tackled on their merits.
Some signs that the Chinese are ready to take a more
positive attitude.
The project represents excellent value for money. Any substantial cost reduction would compromise the scope of the project and would not lead to the construction of the first
rate airport which Hong Kong needs.
ECONOMY
Economic fundamentals in Hong Kong remain very strong. Probably sounder than in any other community in the world. GDP grew by 5% in 1992, and is expected to remain in the range
of 5-5.5% in 1993. Trade with China continues to boom.
Investment will be sustained by Government infrastructure
projects.
bullpts.relati.PR
JEB
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