HK's Economy Heading to Bright Future: Official

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Last updated at: (Beijing Time) Wednesday, February 12, 2003

HK's Economy Heading to Bright Future: Official

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Gao Siren, director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region (SAR), said Tuesday that Hong Kong'seconomy is showing momentum of recovery for a bright future.

Addressing a new year reception hosted by the liaison office and extending lunar New Year's greetings to people from all walks of life in Hong Kong, Gao said the year of 2002 witnessed remarkable achievements for the Chinese nation.

Gao noted that even though the slow global economic recovery had some adverse impact on Hong Kong, Hong Kong managed to attain substantial economic recovery in 2002 under the concerted efforts of the HKSAR government and its citizens.

The measures taken by the SAR government to combat economic slowdown, together with the ever growing economic cooperation between Hong Kong and the Chinese mainland, will surely be beneficial to the economic restructuring of Hong Kong and the enhancement of its competitiveness.

It was also a year of the fifth anniversary of Hong Kong returning to the motherland, when the successful implementation ofthe principle of "one country, two systems" has won recognition from far and wide.

Gao pointed out that President Jiang Zemin officiated at the fifth anniversary celebrations and delivered an important speech, an embodiment of the importance and care the central government has accorded to Hong Kong.

Looking forward, Gao pledged that in 2003, his office will, as always, support the SAR government headed by Chief Executive Tung Chee Hwa in administrating its affairs according to law and, together with the Hong Kong residents, will make unremitting efforts to safeguard Hong Kong's long-term stability and prosperity.

Among the 4,000 attendants at the reception were Henry Fok Ying-tung, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, and Tung Chee Hwa.

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