"If China were to devalue its currency the Hong Kong dollar peg would be in jeopardy because some 50 percent of Hong Kong's Gross Domestic Produce is derived from China-related activities,"
12.
The World Travel and Tourism Council estimates that Caribbean tourism _ with projected revenues of dlrs 16.5 billion this year _ accounts for 21 percent of the region's gross domestic produce, 16 percent of employment and 26 percent of capital investment.
13.
According to the ministry's three-year budget outline, the country's gross domestic produce will grow by 1.5 percent to 3 percent in 1999, by 4 percent to 4.5 percent in 2000 and by 5 percent in 2001, said First Deputy Finance Minister Vladimir Petrov . He said that this year, the ministry expects growth of about 1 percent, the ITAR-Tass news agency reported.
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