NOTHING TO BE WRITTEN IN THIS MARGIN
(iii)
GENERAL
Chinese comment on international trade and
monetary questions tends to analyse them in marxien
terms and to speculate on "the impending collapse
of capitalism". fawicipation
Only a greater degree of Chinese
speculation in world affairs is likely to
alter their tune. If asked, however, about the
prospects for monetary and trade negotiations within
the IMF and GATT, the Secretary of State might say
Cuire
that they now look more hopeful. There seemelto be
a general desire at the IMF's annual meeting to press
ahead with constructive talks on international
monetary reform. The negotiations within GATT
wait upon the US elections and a Cogressional mandate
to the Administration, but we have no reason to suppose
that negotiations will not start in earnest in
1973. If the
бо
Chinare wons to discuss inare ancestone in fizera dareil may could be invited t8
Though insir Emberry in
in London.
CONFIDENTIAL