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South China Sea

'Glittering pearl still competitive worldwide'

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SCMP Reporter

Mr Zhu said yesterday Hong Kong is a 'glittering pearl' which remains competitive in the world despite the economic downturn.

'Hong Kong is a glittering pearl of China. It has played an irreplaceable role in the modernisation of China,' the premier told the accountants' congress.

He said the 'one country, two systems' concept had helped Hong Kong to keep its original system and characteristics intact and to continue to serve as an international, financial and transportation centre.

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Although Hong Kong was facing economic difficulties, it still retained its competitive edge.

Its economic strength and international competitiveness had not been diminished, he said.

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Mr Zhu said Hong Kong had a large pool of distinguished talent and entrepreneurs which had been an important factor contributing to its success.

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