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million or more.

4. I think that if Chinese policy remains unchanged,

successful manipulation of the policies referred to in

paragraph 3 might gain us a few years and might improve

our bargaining position. But obviously 85% of the game

Never-

will be out of our hands, and if the Chinese choose to

play against us such gambits would be nullified.

theless I think we should at least see whether such a

study throws up any considerations that should be taken

into account when current policies are framed.

3.

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