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DSR 11C
on the establishment of a credible administration.
406
This would not be easy for any of the three Govern-
ments involved, but there might be pressure for HMG
to play a continuing part in this for the sake of
stability.
c) Economic: A separate and efficiently-run economy and,,
almost certainly,
a separate currency.will be needed if confidence is
to be maintained.
Chinese leaders would recognise
this but might nevertheless maintain that a new
system for Hong Kong should reflect their sovereignty
considerations
These/c
more explicitly. These could be hard to reconcile.
Economic development in Guangdong Province could also
lead to conflicts of interest if, as is likely, the
Hong Kong economy and the living standards of its
population continue to outpace that in Guangdong.
Hong Kong also now has de facto autonomy in inter-
national trade agreements and representation in
international organisations ie the General Agreement
on Tariffs and Trade (GATT), which would need
examination. Hong Kong also features significantly
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