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One Country, Two Systems as Resounding Success: HK Official
A luncheon meeting of the Federation of Hong Kong Industries was told that the policy of One Country, Two Systems is a "resounding success."
Speaking on Hong Kong's autonomy in managing its external economic relations, Chau Tak Hay, secretary for Commerce and Industry, said that Hong Kong's separate membership in international organizations such as the World Trade Organization, the World Customs Organization and the Asia Pacific Economic Cooperation serves a very useful and important purpose.
"Through the exercise of our rights as a member, we are able to defend and promote Hong Kong's economic interests," Chau said.
"These three bodies also provide opportunities for us to demonstrate that Hong Kong is indeed a separate economic entity capable of defending our own interests as well as possessing the freedom to make our own policies and take positions purely on the basis of Hong Kong's own interests," he added.
The secretary said that the policy of One Country, Two Systems is alive and well and a resounding success.
Four years' experience in an area that is of vital importance to Hong Kong's economic well-being has demonstrated beyond any doubt that the Hong Kong has been able to exercise, to the fullest extent, the high degree of autonomy promised in the Basic Law and that the Central Government has faithfully abided by both the letter and the spirit of the Basic Law, he noted.
"Indeed, our experience in this vital area is a microcosm reflecting the wider reality of the successful implementation of One Country, Two Systems in Hong Kong as a whole," Chau stressed.
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