UK EYES A
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politically difficult to do so.
External capital movements into Hong Kong would
end and in so far as these were required for internal productive investment they
could probably be replaced by taxes but they would nevertheless represent a foreign
exchange loss. Tourism would decline and any plans that China might have for
linking increased tourism on the mainland with Hong Kong as an entry point would
have to be abandoned or at least scaled down. China would of course lose the
remittances which come from Chinese in Hong Kong although remittances from other
overseas Chinese might still continue to be channelled through other banking centres
or even through Hong Kong. China would also find it less easy to use Hong Kong as
an access point for viewing foreign technology.
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THE ORIGINAL HAS BEEN RETAINED IN THE DEPARTMENT UNDER SECTION 3 (4) OF THE PUBLIC RECORDS ACT 1958
UK EYES A
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