-6.
ܐT
NOW.
ON THE OTHER, THEY ARE ALSO NOT ABLE TO PREDICT THE INTER-
NATIONAL SITUATION AND ATTITUDINAL CHANGES ON THE PART OF THE
A PREMATURE STATEMENT OF ITS POSITION WOULD
BRITISH GOVERNMENT.
ACTUALLY HURT CHINA'S POSITION IN FUTURE NEGOTIATIONS.
((TEXT)) THE SECOND POSSIBLE REASON. COULD BE THAT THE MOST
IMPORTANT THING FOR CHINA AT PRESENT IS NOT WHETHER HONG KONG
CAN BE FORMALLY RETURNED. EVERYONE KNOWS THAT FOR HONG KONG
TO REMAIN PROSPEROUS AND FOR IT TO BE USEFUL TO CHINA, IT MUST
MAINTAIN THE PRESENT ECONOMIC STRUCTURE. AFTER THE DOWNFALL OF THE
GANG OF FOUR, THE CCP HAS GREATLY CHANGED ITS PREVIOUS POLICY OF
ARMCHAIR POLITICS IN HONG KONG AND CONCENTRATED ITS EFFORTS ON
ECONOMIC WORK. THE VITALITY OF THE PRC REPRESENTATIVE ORGANS
IN HONG KONG AND SOME CHINESE CAPITAL WITH CLOSE RELATIONSHIP TO
CHINA OVER THE PAST FEW YEARS IS A MANIFESTATION OF THIS CHANGE.
IF WE LOOK AT THE WHOLE OF HONG KONG AS A COMPANY WHICH IS RAKING
IN HUGE PROFITS, THE PRESENT CHINESE POLICY TOWARD HONG KONG IS TO
GRADUALLY INCREASE ITS SHARE IN THIS COMPANY TO GET A GREATER
PORTION OF THE PROFITS.
THE KEY QUESTION IS NOT WHETHER CHINA CAN
GAIN MANAGEMENT RIGHTS IN HONG KONG. IT IS WHICH TYPE OF MANCEMENT
WILL BE BEST FOR THIS "COMPANY" TO MAKE PROFITS AND THUS, BEST FOR CHINA
TO GAIN MORE DIVIDENDS. CHINA HAS ACT IVELY PARTICIPAED IN THE HONG
KONG ECONOMY FOR ONLY A FEW YEARS. HOW CAN IT TELL WHOSE MANAGEMENT
OVER HONG KONG WILL BE MOST BENEFICIAL FOR ITS CONTINUED USE OF HONG
KONG?
***
SO WHEN WE SAY THAT CHINA AND-BRITAIN HAVE DIFFERENT STANDPOINTS,
IT DOES NOT SIMPLY MEAN THAT ONE PARTY ATTACHES MUCH IMPORTANCE TO
THE LEASE AGREEMENT WHILE THE OTHER DOES NOT. WE MEAN THEY DIFFER
OVER HOW THE PROFITS FROM THIS "COMPANY" SHOULD BE DISTRIBUTED THE
EF IT ISH WOULD NATURALLY WANT TO MAINTAIN THE TRADITIONAL MONOPOLY OF
POWER IN HONG KONG. THEY ARE EVIDENTLY DISGRUNTLED BY THE GROWING
INVEST MENTS FROM CHINA AND LOCAL CHINESE CAPITAL WHICH COULD LATER
OVERTAKE THEM. IN SIMPLE TERMS, CHINA AND ERITA IN ARE LIKE SHAREHOLDERS ***
RALLY