CHINA / Taiwan, HK, Macao |
CEPA boosts Hong Kong, Macao economies(CRI)Updated: 2007-02-22 10:04 The Closer Economic Partnership Arrangement between the Chinese mainland and Hong Kong and Macao, or CEPA, has boosted the economies of both Hong Kong and Macao since being signed three years ago. A People's Daily report says statistics show that Hong Kong's GDP growth was substantial after the signing of the CEPA pact, from a growth of 3.2% in 2003 to 8.6% in 2004. Meanwhile, Macao's GDP growth in 2004 was double the rate of 14% recorded in 2003. The CEPA pact has been providing more opportunities for free trade and investment, and has proved to be beneficial to both sides, the People's Daily reports. The Chinese mainland signed CEPA with Hong Kong and Macao in 2003.
|
|