CONFIDENTIAL
3.
The demands of current Chinese communist plans to modernise their economy
and their still outstanding requirement to establish a smooth running administrative
network for the purpose suggests that the Chinese have enough problems without
taking on the challenge of running Hong Kong too. Bearing in mind the hard
currency earnings they know they can make under the status quo they are likely
at least for the next decade to go along with the English proverb no doubt
well known to them in Hong Kong "a bird in the hand is worth two in the buslı”.
2 CONFIDENTIAL