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BALANCE IN TRADE AND PUT ECONOMICAL AND TECHNICAL CO-OPERATION ON A RELIABLE, STEADY AND SOLID BASIS. BOTH SIDES MUST THERRFORE K FOR WAYS OF BEING FLEXIBLE. ONE WAY WAS COMPENSATION TRADE. DR OWEN SAID THAT TRADE ADJUSTMENT WWAS AN IMPORTANT ISSUE.
IT WAS NOT SO EASY IN A MARKET ECONOMY AS IN A STATE TRADING SYSTEM, BUT THERE WAS NO PROBLEM ABOUT THE UK HELPING OVER CREDIT.
8. DR OWEN COMMENTED THAT THE UK WAS LOOKING TO DIVERSIFY ITS SOURCES
OF MINERALS. WHAT WAS CHINA'S POTENTIAL FOR SUPPLYING THESE? HE HOPED THAT THE EMBASSY WOULD BE ABLE TO PURSUE THIS QUESTION. HUANG SAID HE COULD NOT GO INTO DETAILS BUT CONFIRMED THAT
IN GENERAL, CHINA WAS RICH IN MINERAL RESOURCES. UP TO NOW CHINA HAD BEEN SELF-SUFFICIENT IN SURVEYING FOR NATURAL RESOURCES. 9. SOUTH EAST ASIA: HUANG SAID THAT ON KOREA, CHINA STOOD FOR REUNIFICATION BY PEACEFUL NEGOTIATIONS BETWEEN THE NORTH AND SOUTH, FREE FROM OUTSIDE INTERFERENCE. THE UN COMMAND SHOULD BE DISMANTLED AND US FORCES WITHDRAWN. THE PROBLEM IN INDO-CHINA WAS NOT SIMPLY A DETERIORATION IN RELATIONS BETWEEN CHINA AND VIETNAM, AND VIETNAM AND CAMBODIA. IN ESSENCE IT WAS THE EXPLOITATION BY THE SOVIET UNION OF VIETNAM'S EXPANSIONIST AMBITIONS.
10. DR OWEN ASKED HOW FAR CHINA INTENDED TO EXPAND ITS NAVAL CAPACITY IN ORDER TO MEET THE PERCEIVED SOVIET THREAT. HUANG
SAID THAT CHINA HAD A LONG COAST LINE AND CHINA'S NAVY WAS FOR
COASTAL DEFENCE, IT WAS NECESSARY TO MODERNISE IT.
11. ON ASEAN HUANG SAID THAT THE EXPANSION OF CO-OPERATION AND
DEVELOPMENT OF THE ECONOMIES WITHIN THIS GROUP WAS CONDUCIVE TO
STABILITY IN THE AREA.
OWEN
FILES
FED
HKGD
MR.MURRAY
MR.CORTAZZI
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