HONG Kong businesses have welcomed moves to shut down 1,000 special development zones in China. Hong Kong General Chamber of Commerce chief economist Ian Perkin said yesterday that no chamber member had complained and that ''we've only had positive feedback''. Mr Perkin said the move should help put the brake on building and wage costs, which are the main concerns of local manufacturers using China as a cheap production base for export. Mr Perkin told the Rotary Club of Wan Chai that China's economy was heading for ''a soft landing with some bumps''. The bumps would affect property and banking in the coastal and borders areas. He expected the effect on Hong Kong to be ''not tremendous''. Mr Perkin said: ''It's no bad thing - our own economy is overheated in a way.'' He estimated that the territory's economy would grow by at least five per cent this year. Most economists are putting the territory's growth rate at between 5.3 and 5.8 per cent. While he characterised Vice-Premier Zhu Rongji's moves to bring the economy under control as ''re-introducing the command economy'', he said: ''They are not just re-introducing it in the old way - they are introducing it in a new manner.'' Economists are split on how the 16-point austerity programme will affect China's economy, with those outside Hong Kong generally more worried than those based here. Mr Perkin said he expected inflation in urban areas to be brought quickly to around 10 per cent but hoped it would not fall further. ''That would mean the Chinese economy is slipping into recession.''