| 13. Hong Kong's economy will reach 
                          a stage of post-recovery consolidation and growth this 
                          year. The growth rate of the global economy will moderate 
                          slightly but remain impressive overall. Macro-economic 
                          management in the Mainland will relieve conflicts in 
                          the development process and help ensure sustainable, 
                          stable and rapid growth. Driven by these favourable 
                          external factors, our economy will maintain its growth 
                          and problems such as unemployment and negative equity 
                          will be further alleviated. All this points to a promising 
                          economic outlook. |