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 The Financial Secretary of the Hong Kong Special Administrative Region, Mr Henry Tang, says Hong Kong’s
economy is rebounding and the budding growth is gaining strong momentum.
Speaking at the Exporters’ Association Christmas Luncheon on December 12, Mr Tang described 2003 as a roller-coaster
year, but he added “I have always had a fundamental faith in our community and our people. And what we have witnessed in
the past few months is again how Hong Kong’s resilience and can-do spirit outshines the challenges.”
He said that Hong Kong’s external trade grew by 12.2% in the second quarter and a further 7.1% in the third quarter. “It
is no exaggeration that external trade is a key pillar and an anchor for Hong Kong, in both good and tough times,” Mr
Tang said.
He noted that the signing of CEPA, the launch of the individual visit scheme for Mainland travellers and the
personal renminbi business trial have all contributed to Hong Kong’s continued growth.
Voicing his cautious optimism that Hong Kong’s economy has turned the corner, Mr Tang said: “What we now have to do is
to make the best of these opportunities to maintain our economic recovery.”
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