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| No.10 October, 2010 |
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Chief Executive urges boost for China's development |
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Hong Kong’s Chief Executive, Mr Donald Tsang urged all sectors of the community to seize the opportunities to contribute to the development of China.
Speaking at Hong Kong’s official National Day Reception to celebrate the 61st anniversary of the founding of the People’s Republic of China on October 1, Mr Tsang said China's rapid economic development, rising national power and huge improvement in living standards in the first decade of the 21st century had been the focus of world attention.
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He said Hong Kong had witnessed China’s growing economic influence in the region and in the world, describing it as "a significant change in the global economic landscape in the post-financial crisis era."
"This phenomenon will continue to intensify with the country's increasing domestic demand, external trade and overseas investment," Mr Tsang said.
"In this process, Hong Kong will leverage our strengths as an international financial hub to promote the regionalisation and internationalisation of Renminbi, to enhance our competitiveness and to accumulate experience for the financial opening-up and further economic development of the country.”
The Chief Executive said China was planning to accelerate the transformation of its economic development model and optimize its economic structure.
"With a mature and top-notch services sector, and unique advantages under the 'One Country, Two Systems', Hong Kong has much to contribute to the country’s "12th Five-Year Plan," he noted.
"The drafting work of the Plan has now come to a critical stage. We will do all we can to contribute to the drafting of the plan and give full play to our strengths to serve the needs of the country," he concluded.
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